Macro Unit 2: Economic Indicators and the Business Cycle - Quick Practice- GDP (Gross Domestic Product)

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macroeconomics GDP counts components investment governmnet consumer exports imports practice quick Gross Domestic Product

Full Transcript

I guarantee that your teacher or professor will ask you questions about what counts in GDP. In this video I give you 15 fictitious transactions. Your job is to determine which counts towards this year's GDP and how they would be classified (consumer spending, investment, government spending, or net exports). Let me know your score in the comment below. Thanks for watching. Need more help? Check out the Ultimate Review Packet https://www.ultimatereviewpacket.com/courses/macro