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GDP Calculation
The process of estimating the gross domestic product, measuring the economic activity within a country by adding up the value of all goods and services produced.
Consumption
Household purchases of final goods and services, except for new residences, which count as investment.
Government Purchases
Spending for goods and services by all levels of government; government outlays minus transfer payments.
Net Exports
The value of a country’s exports minus the value of its imports.
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