Gross Domestic Product (GDP)
What does GDP Per capita mean? GDP and GDP per capita are interlinked, putting a glance on its history how Per capita came from the concept of GDP. The great invention of 20th century GDP that stands for Gross Domestic Product. Taking Gross here a number of total,...
Gross Domestic Product (GDP), Macroeconomics, Misc
GDP is considered to be the most simplest and common economic statistics that measures the economic activity of the economy that takes place within a year – that leads to the analysis and conditions of various factors such as investments, household consumption ,...
Aggregate Demand and Supply, Macroeconomics
By definition, the Aggregate Supply curve shows the relationship between the Aggregate Quantity Supplied by all the businesses and firms of an economy and the over price level. The sum of the individual supply curve is not the aggregate supply curve. Why? To know more...
Aggregate Demand and Supply, Macroeconomics
We just assumed that the Monetary and fiscal policy variable are kept constant when deriving the Aggregate Demand Curve. So any changes made in the following variable will shift the curve. Money Supply Consumption (household spending) Investment Government Expenditure...
Gross Domestic Product (GDP), Macroeconomics
I have made an amalgamation of all the posts that I and my contributing writers have written about GDP Please leave a Message if you require further notes and lectures regarding the concept of GDP. What is GDP ? GDP growth rate and Calculation Types of GDP (Nominal...