Wednesday, December 22, 2010

GDP= C +G + I + NX

Post 11
             GDP = C + G + I + NX
        Gross domestic product = consumer spending and private consumption + Government spending + nation's spending on capital + nations total net exports

NX = total nation exports - total nations imports
C= sum of spending
G= sum of government spending
I= sum of business spending/ investments

-From Investopedia & answers.com

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