Macroeconomics GDP

The dollar value of all final goods + services produced in a nation in a year

Current prices, includes inflation

Constant prices, takes out inflation

GDP / Population

Real GDP

goods and services that have been purchased for final use and not for resale or further processing or manufacturing

goods used in the production of final goods; not included in GDP

counting both the final and intermediate goods in GDP

C + I + G + x (x-m)

C

I

G

X

Unemployment / Labor Force

Wages, Interests, Rents, Profits

Exports

Businesses spending money

Unemployment