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Term Definition Paper

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Issue:

Business

 

Written by:

Lorna Y

 

Date added:

June 19, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 681

 

Was viewed:

7681 times

 

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The components of GDP (Gross Domestic Product) will tell you what the U.S. is good at producing. Over 70% of what the U.S. produces is from personal consumption. The remaining 30%of GDP is business investment (16%) and the government (19%), of which one-third is defense. The largest components of personal consumption includes more than 40% of GDP are services such as real estate (10%) and healthcare (12%)...
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There are three components of non-durable goods food (10%)clothing (2.7%), and fuel (2.4%). Durable goods are the smallest of GDP and they make up8% such as auto (3.6%) and furniture (3%). (About. com, a) Real GDP Real GDP is an inflation-adjusted measure to reflect the value of all goods and services produced in a given year...
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