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GDP and Olympic Success
Essay specific features
Written by:
Richard V
Date added:
November 9, 2016
Level:
Grade:
A
No of pages / words:
4 / 1081
Was viewed:
9541 times
Rating of current essay:
Essay content:
It includes salaries of public servants, purchase of weapons for the military, and any investment expenditure by a government. It does not include any transfer payments, such as social security or unemployment benefits. The relative size of government expenditure compared to GDP as a whole is critical in the theory of crowding out, and the Keynesian cross...
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Examples of investment by a business include construction of a new mine, purchase of software, or purchase of machinery and equipment for a factory. Investment in GDP is meant specifically as non-financial product purchases. Buying financial products would be classified as saving in macroeconomics, instead of investment...
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