macroeconomics

C+G+I+(E-I)

consumer + govt + Investment + (Exports - Imports)

Consumer spending- things that people consume think food

Exports - things we send out

Imports - things other people send in

Government - things govt gets

if i make something valuable in France (I live in the US) but it will be counted in GNP (french GDP)

GDP is made in the US

My culture is full of beautiful women apparently

2 VERY bad things in macroeconomics

poverty = starvation jk we’ve always had a lot of food so even poor people eat

but poor people are depressed ☹ they feel worthless because they can’t provide

Unemployment - not the same as non employment. age 16-64 and If you want a job but cannot

The great difficult is how th fight againste unemployment and unrmploymrnt

monetary policity -federal reserve

fiscal policy - the congress approves

The Us has been importing more than exporting

most poeple on the US work sevice hojb

GEP won’t count unless it’s sld

GDP?

Market activities - doing osmethign with mo money involved