MARKETS
Revenue FOR Spending
GOODS AND SERVICES
• Firms sell
Goods Goods and
• Households buy
and services services
sold bought
FIRMS HOUSEHOLDS
• Produce and sell • Buy and consume
goods and services goods and services
• Hire and use factors • Own and sell factors
of production of production
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THE MEASUREMENT OF GROSS
DOMESTIC PRODUCT
• GDP adalah nilai pasar dari semua barang dan
jasa akhir yang dihasilkan dalam negara di
suatu waktu.
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GDP and Its Components (2001)
Government Purchases
18%
Investment Net Exports
16% -3 %
Consumption
69%
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Table 2 Real and Nominal GDP
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Table 2 Real and Nominal GDP
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GDP Deflator
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Figure 2 Real GDP in the United States
Billions of
1996 Dollars
$10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
1970 1975 1980 1985 1990 1995 2000
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GDP AND ECONOMIC WELL-
BEING
• PDB adalah satu ukuran kesejahteraan ekonomi
masyarakat terbaik
• PDB perkapita menjelaskan pendapatan dan
pengeluaran rata-rata orang dalam ekonomi.
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Summary
• Because every transaction has a buyer and a
seller, the total expenditure in the economy
must equal the total income in the economy.
• Gross Domestic Product (GDP) measures an
economy’s total expenditure on newly produced
goods and services and the total income earned
from the production of these goods and
services.