Sub: Economics Topic: Financial Instruments
Explanation about the terms used in GDP.
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Explain the Concept of Gross Domestic Product GDP?
Role for everyone in GDP= C+I+G+X
C is consumption
I is investment
G is government
X is export
Each one give explanation
GDP = C+ I + G + (X-M)
Consumption expenditure ( C) :
Consumption expenditures are the expenditures by the household sector on final goods and
services undertaken in a given time period. About two third of the aggregate expenditure
constitute the aggregate expenditure. This term covers all expenditures by households on
durable goods (like automobiles, video recorders, refrigerators etc), non durable consumer
goods (bread, milk, toothpaste,