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Ecomonic Essay
1.Gross Domestic Product (GDP).
GDP is the market value of all final goods and services produced within a country in a given time period. There are two ways to measure GDP, the expenditure approach and the income approach. The expenditure approach measures GDP by adding together consumption expenditure, government purchases, investment, and net exports. The income approach for GDP equals net domestic product at factor cost plus indirect taxes less subsidies plus capital consumption.
Second Quarter: 3.3% Third Quarter: 3.9%
2.Unemployment Rate.
The amount of people who want jobs but cannot find determines the amount of unemployment there is. The unemployment rate is the percentage of people in the labor force who are unemployed. This number is obtained monthly by taking the total amount of people who are unemployed, dividing it by the total labor force and multiplying it by one hundred.
Second...
This section contains 1,159 words (approx. 4 pages at 300 words per page) |