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Real GDP

Economics

Real GDP: Formula, How to Calculate, Determinants

Updated on April 12, 2022 · By Ahmad Nasrudin Tag: Economic Growth, Real GDP

Real GDP Formula How to Calculate Determinants

Real gross domestic product (real GDP) is the market value of all goods and services produced in the economy, measured at constant prices. Its growth represents a change in the aggregate output; hence economists use it as an economic growth

Tag: Economic Growth, Real GDP

Macroeconomics

Autonomous Expenditure: Formula, Components, Determinants

Updated on September 8, 2022 · By Ahmad Nasrudin Tag: Aggregate Expenditure, GDP, Government Budget, Government Expenditure, Real GDP

What's it: Autonomous expenditure is unaffected by income level. In other words, they will still exist even if the income equals zero. Spending on items such as food and drink is an example. They are essential for meeting our basic needs. So, we

Tag: Aggregate Expenditure, GDP, Government Budget, Government Expenditure, Real GDP

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