Measuring the Economy

Chapter 4 - page 36

Gross Domestic Product (GDP) is the value of all final goods and services produced in a country in a given year.

Income:
* Wages and salaries
* Corporate profits
* Interest
* Taxes

Expenditures:
* Consumer spending
* Investment in household residences; Business investments in inventories and Capital equipment
* Government spending
* Foreigner's spending in Canadian exports minus Canadian's spending on foreign imports

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