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GDP

Consumer Spending Patterns: Influencing Factors

Updated on September 13, 2022 by Ahmad Nasrudin

Consumer Spending Patterns Influencing Factors

What's it: Consumer spending patterns are changes over time in the total money individuals spend on goods and services for personal use. It also

Topic: Consumer Spending, GDP Category: Macroeconomics, Marketing

How Do Economists Measure Economic Activity?

Updated on August 14, 2023 by Ahmad Nasrudin

How Do Economists Measure Economic Activity

Economists measure economic activity using several approaches, namely income, expenditure, and output. All three will produce an equal number. How

Topic: Economic Activities, GDP, GNP Category: Macroeconomics

Government Expenditure: Components and Effects on the Economy

Updated on August 25, 2022 by Ahmad Nasrudin

Government Expenditure: Components and Effects on the Economy

What's it: Government expenditure refers to the money the government spends on goods and services or other items. Examples are expenditures on

Topic: Expenditure Approach, GDP, Government Budget, Government Expenditure Category: Macroeconomics

Exports: Importance, Types, Influencing Factors

Updated on October 24, 2022 by Ahmad Nasrudin

Exports: Importance, Types, Influencing Factors

What's it: Export means sending domestic goods and services to foreign markets for sale. As compensation, we get foreign currency as payment,

Topic: Exchange Rate, Export, GDP, International Trade, Trade Balance, Trade Deficit, Trade Surplus Category: Macroeconomics

How to avoid double counting in calculating GDP?

Updated on April 13, 2022 by Ahmad Nasrudin

How to avoid double counting in calculating GDP

Double counting can cause miscalculations in the gross domestic product (GDP). This error will overstate the GDP number because it counts the same

Topic: GDP, Output Approach Category: Macroeconomics

Autonomous Expenditure: Formula, Components, Determinants

Updated on September 8, 2022 by Ahmad Nasrudin

Autonomous Expenditure: Formulas, Components, Determinants

What's it: Autonomous expenditure is unaffected by income level. In other words, they will still exist even if the income equals zero. Spending

Topic: Aggregate Expenditure, GDP, Government Budget, Government Expenditure, Real GDP Category: Macroeconomics

Gross Domestic Product (GDP): Three Approaches, Importance, How to Calculate

Updated on October 6, 2022 by Ahmad Nasrudin

Gross Domestic Product Three Approaches Importance How to Calculate

Gross Domestic Product (GDP) is the total market value of all final goods and services produced in the domestic economy during a certain period.

Topic: Economic Activities, GDP, Gross Domestic Product Category: Macroeconomics

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Aggregate Demand Business Management Demand Financial Analysis Financial Ratio Government Budget International Trade Leadership Macroeconomic Equilibrium Marketing Marketing Management Organizational Structure Profitability Ratio

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