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Chapter 2 Measuring GDP and Inflation, Investment - Non residential structure - residential structure -residential -change in inventory = Government - Federal Defense - Federal Non Defense - State and Local, Net export + Export, Consumption - Goods - Services = Government - Federal Defense - Federal Non Defense - State and Local, Current cost of a bundle of Goods and Services Divide by Base Year Cost of typical bundle, Investment - Non residential structure - residential structure -residential -change in inventory = Real GDP= Total Dollar Value of all goods produced, Net export = Government - Federal Defense - Federal Non Defense - State and Local, Net export = Real GDP= Total Dollar Value of all goods produced, Depreciation Indirect taxes Subidies Foreign Production = Real GDP= Total Dollar Value of all goods produced, GDP deflator Price Difference of all goods produced in % derived from a base year = Nominal GDP, Base Year Cost of typical bundle = Consumer Price Index