A actual increase in GDP.
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP
GDP has a tendency to increase over the years due to economic growth, improvements in productivity and inflation. This will not always be the case from year to year but in most cases GDP increases especially when looking over longer periods of time.
shifts left
inventories will increase and real GDP will decline.
A actual increase in GDP.
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP
GDP has a tendency to increase over the years due to economic growth, improvements in productivity and inflation. This will not always be the case from year to year but in most cases GDP increases especially when looking over longer periods of time.
shifts left
GDP Decreases and Debt Increases
inventories will increase and real GDP will decline.
the value of the dollar is stable
debt increases and GDP decreases.
GDP = gross domestic product
im guessing your taking principles of macroeconomics with Lachaud hahah
The 2012 estimate for the US' GDP was $15,650,000,000,000.
In the year 1919, the GDP of US was at 78.3. The GDP rose to 88.4 in the following year.