1. Economic Indicators of the Gross Domestic Product (GDP)
Some of these variables, when inserted into their respective economic equation, lead to indicators to can help predict the state of the economy and where it could be headed. ... Gross Domestic Product can be presented in an Expenditures Approach, which is the sum of the equation C + G + I + Xn and has a good read on the life of our economy. ... This equation, and answer, allows economists to good a good sense as to the present state of our economy, whether it is moving forward at expected or above-expected growth or perhaps if the economy fell a little stagnant and did not quite meet the expe...
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- Grade Level: Undergraduate