PDSnet Glossary

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Definition

<p style="text-align: justify;">This is an <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">economics</span> term which refers to the total expenditure within the <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">economy</span>. It is a method of calculating <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">gross domestic product</span>. The formula is:</p>
<p style="text-align: justify;">Gross Domestic Product = <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">Consumer Spending</span> +<span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">Investment</span> Spending + Government Spending + <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">Exports</span> - <span class="glossary" style="border-bottom: 1px dotted black; cursor: pointer;">Imports</span> </p>
<p style="text-align: justify;">This is also sometimes called "aggregate demand"</p>