Macroeconomics chapter 12 section 1
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Transcript of Macroeconomics chapter 12 section 1
Economy as a whole
GDP
Output
Excluded
Intermediate Products
Secondhand Sales
Nonmarket Transactions
Underground Economy
Adjusted for inflation
Real
Current
Limitations
5 Major Statistical Categories
1. GNP
2. NNP
3. NI
4. PI
5. DPI
Economic Sectors and Circular Flows
Consumer Sector
Investment Sector
Government Sector
Foreign Sector