Anyone who has taken Economics 101 will be familiar with the equation Y=C+I+G+X-M. Simply put, gross domestic product (Y) is a combination of consumption plus investment, government spending and ...

The final goods or services used to compute GDP (Gross Domestic Product) are those that are purchased by the end user and not intended for further processing or resale. Understanding this concept is ...

As you all know, Gross Domestic Product (GDP) is an important economic term that is used to represent the final value of goods and services produced within a country’s borders in a specific period of ...