Output and Expenditure in the Short Run Aggregate expenditure (AE) The total amount of spending on the economy’s output: Aggregate Expenditure Consumption.
Gross domestic product (GDP) The market value of all final goods and services produced in a country during a period of time, typically one year. GDP Is.
Household-Consumption Part 1. What is GDP? Gross Domestic Product (GDP)-Gross Domestic Product (GDP)- is the nation’s expenditure on all the final goods.
Multiplier Macroeconomics
Gross domestic product ( GDP ) The market value of all final goods and services produced in a country during a period of time, typically one year.
Economic Fluctuations
Output and Expenditure in the Short Run
