GDP : gross domestic product, total dollar value of all goods and services producted with a countries borders within a year.
GNP: gross national product value of all final goods and services produced by Americans in a year.
GDP (Included):
C+ G+ Ig+G+Xn
- C- consumption
-67% of the energy
-final good or services
-Ig: gross private domestic investment
- factory equipment maintenance
- factory equipment new
- construction of housing
- unsold inventory sold in a year
-G: government spending
-Xn: net exports
- Exports (-) Imports
This is a big improvement from last time, It actually made me want to learn, I really appreciated how you added more pictures and even a video for people who are slightly confused still (like me). And I thought it was cool even how you broke down what's included in GDP. I under you put videos and other dudedads but what would make it perfect would be examples. But all together, this is a good blog.
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