Standard of living is directly related to consumption.
invite response
2024 May 30, 6:49am 224 views 3 comments
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Al_Sharpton_for_President
2024 May 30, 10:59am
Al_Sharpton_for_President
2024 May 30, 10:59am
As a card-carrying ignoramus, I can tell you that:
C = consumption or all private consumer spending within a country’s economy, including, durable goods, non-durable goods, and services.
G = total government expenditures, including salaries of government employees, road construction/repair, public schools, and military expenditure.
I = sum of a country’s investments spent on capital equipment, inventories, and housing.
NX = net exports or a country’s total exports less total imports.
C = consumption or all private consumer spending within a country’s economy, including, durable goods, non-durable goods, and services.
G = total government expenditures, including salaries of government employees, road construction/repair, public schools, and military expenditure.
I = sum of a country’s investments spent on capital equipment, inventories, and housing.
NX = net exports or a country’s total exports less total imports.
3
Eric Holder
2024 May 31, 9:39am
Eric Holder
2024 May 31, 9:39am
Al_Sharpton_for_President says
Tnx!
As a card-carrying ignoramus, I can tell you that:
C = consumption or all private consumer spending within a country’s economy, including, durable goods, non-durable goods, and services.
G = total government expenditures, including salaries of government employees, road construction/repair, public schools, and military expenditure.
I = sum of a country’s investments spent on capital equipment, inventories, and housing.
NX = net exports or a country’s total exports less total imports.
Tnx!
GDP = C + I + X + NX, where C = Consumption.
So, ergo, to live better, consume, baby, consume!