0
How quickly can an increase in government spending increase the gross domestic product?
Wiki User
∙ 9y ago
6 months
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
How do you calculate gross domestic product?
the formular to calculate GDP is addition of consump,investment,government spending,export with import subtracted from the total. by ndubuisi chimdindu .
What is the largest dollar amount in gross domestic product?
Consumption (consumer spending)
What is Economic growth is a measure of the increase in?
the gross domestic product.
Increased consumer spending will usually cause?
In the short run increased consumer spending causes an increase in Aggregate Demand and therefore an increase in both Real Gross Domestic Product and Price Levels. Also this generally means; inflation, decrease in unemployment, and growth, these can vary however, depending on where on the Aggregate Supply curve the AD curve is.
What is meant by an 'increase in real GDP by 2 percent '?
GDP = gross domestic product
What are components of the cost of consumption?
Y = C + I + G Y = gross domestic product C = consumer spending I = consumer + government savings G = government spending
Gross Domestic Product can be measured as the sum of?
Consumer Spending + Investments + Government Spending + Net Exports C + I + G + N = Y
What type of countries often have mixed economies ?
Countries with a mixed economy include Iceland, Sweden, France, the United Kingdom, the United States, Russia and China. These countries have a mix of government spending and free-market systems based on the share of government spending as a percentage of gross domestic product.
How do you calculate gross domestic product?
the formular to calculate GDP is addition of consump,investment,government spending,export with import subtracted from the total. by ndubuisi chimdindu .
What is the largest dollar amount in gross domestic product?
Consumption (consumer spending)
What wouldn't increase gross domestic product?
A recession.
What is Economic growth is a measure of the increase in?
the gross domestic product.
Increased consumer spending will usually cause?
In the short run increased consumer spending causes an increase in Aggregate Demand and therefore an increase in both Real Gross Domestic Product and Price Levels. Also this generally means; inflation, decrease in unemployment, and growth, these can vary however, depending on where on the Aggregate Supply curve the AD curve is.
What lead to an increase in a country's gross domestic product?
investing in machinery and technology
Salaries for government employees are not part of the Gross Domestic Product.?
false
What is meant by an 'increase in real GDP by 2 percent '?
GDP = gross domestic product
The gross domestic product would increase significantly if occurred?
Consumption doubled.Consumptions doubled.
