What Is Included?
• GDP includes three main components: consumption, investment and government spending.
• The values of all components are added plus the net exports (export - imports) to calculate the GDP.
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Economics and politics student from Germany. Interested in a broad field of topics and trying to easily break down topics from his studies to everyone.
In this Mini-Series, we will talk about the key concepts of macroeconomics. I will shortly explain each concept in a respective post. This is part 1 of 5, covering the GDP (Gross Domestic Product).
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