2nd October 2019


What are the 4 factors of GDP?

The four major components that go into the calculation of the U.S. GDP, as used by the Bureau of Economic Analysis, U.S. Department of Commerce are:
  • Personal consumption expenditures.
  • Investment.
  • Net exports.
  • Government expenditure.

Are unsold items included in GDP?

Any goods and services produced in the previous year are counted in that year's GDP. This includes Inventory* left unsold. A house built last year is not counted in this year's GDP. However, the fees involved in selling that house this year are.
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