GDP
GDP. Cf. Parkin Chapter 5 Winter 2009 Econ 102 Prof. Smitka Washington & Lee University. GDP. Y = C + I + G + X – M = final purchases = production What is & isn’t part of C, I, G, X-M Purchases = income: w + i + r + pi + π + (τ + δ)
404 views • 23 slides