GDP 2 Flashcards
1
Q
3 ways to measure GDP
A
expenditures
income
value added
2
Q
GDP formula
A
C+I+G+(X-M)
3
Q
THings that dont count in GDP
A
intermediate goods
used goods
financial transactions (stocks or bonds)
4
Q
business to consumer
A
product market
5
Q
consumer to business
A
Resource market
