Gross Domestic Product by James DeNicco

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About the Lecture

The lecture Gross Domestic Product by James DeNicco is from the course Principles of Macroeconomics (EN). It contains the following chapters:

  • Gross Domestic Product
  • Definition and Accounting Rules for GDP
  • Expenditure & Production
  • Investment
  • Government Purchases
  • Short Comings
  • Calculate Nominal and Real GDP
  • Inflation with the GDP Deflator

Included Quiz Questions

  1. Oranges sold to an orange juice manufacturer.
  2. Orange juice sold at the store to a family.
  3. A juicing machine sold to an orange juice manufacturer.
  1. Consumption
  2. Investment
  3. Government spending
  4. Consumption & Investment
  1. The government pays unemployment benefits.
  2. Salaries to government workers.
  3. The government purchases an aircraft carrier.
  4. The government pays a private company to build a road.
  1. None of the answers are correct.
  2. Vegetables you grow in your garden for yourself.
  3. An antique lamp resold at auction for $1 million.
  4. Black labor.

Author of lecture Gross Domestic Product

 James DeNicco

James DeNicco

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