Subhi Mousa, Talal (2020) Gross Domestic Product (GDP) World and Iraq. Cihan University-Erbil, Cihan University-Erbil.
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Abstract
"Gross Domestic Product GDP
is
The value of all final goods and services produced within a country in a given year.
Based on these four components of demand, we can measure Gross Domestic Product GDP as:
GDP = Consumption + Investment + Government + Trade balance
GDP = C + I + G + (X – M)
National Income
there is another way. Everything a firm produces, when sold, becomes revenues to the firm. Businesses use revenues to pay their bills: Wages and salaries for labor, interest and dividends for capital, rent for land, profit to the entrepreneur, etc. So, adding up all the income produced in a year provides a second way of measuring GDP. This is why the terms GDP and national income are sometimes used interchangeably.
The total value of a nation’s output is equal to total value of nation’s income
"
Item Type: | Other |
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Uncontrolled Keywords: | Gross Domestic Product, Gross World Product,GDP Nominal |
Subjects: | H Social Sciences > H Social Sciences (General) |
Divisions: | Department of Public Administration > Seminars |
Depositing User: | ePrints Depositor |
Date Deposited: | 10 Oct 2024 12:49 |
Last Modified: | 10 Oct 2024 17:27 |
URI: | https://eprints.cihanuniversity.edu.iq/id/eprint/706 |