Economics - Macroeconomics - GDP and national income - Measuring the Economy

5 expandable sections. Section 1: 'What is GDP?' - Gross Domestic Product = total value of all final goods and services produced within a country in one year. The most common measure of economic size. Section 2: 'Three Approaches' - Expenditure (C+I+G+NX), Income (wages+rent+interest+profit), Output