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Goods produced. In your example, a good is produced in Q1 but sold only in Q2. This adds to Q1 GDP (addition to inventories). For Q2 GDP, there's (i) a subtraction from inventories; and (ii) an addition to consumption—so (i) and (ii) cancel out and there's no net change to Q2 GDP.


This question is difficult to answer. You can start by simply finding the value of the manufacturing sector of any country's economy. But this quickly becomes very hard to define. Let's take Tesla for instance, Tesla manufactures cars, but they also are deeply involved in software engineering for their company. Is Tesla a software firm or a manufacturing ...


It would be unlikely that anybody would try to build it. Metrics exist to solve some type of specific problem. They are not calculated just to know the answer. Because different countries have different problems to solve, the calculation methods are not uniform. Even if there were a single world currency, it wouldn't be directly comparable. Now it wouldn'...


GDP is the total amount of domestically produced output in the referred period. If $C^H$ is the consumption of domesticly produced goods, $C^F$ is the cosumption of goods produced abroad, $G^H$ is the government expenditure on domesticly produced goods, $G^F$ is the government expenditure on goods produced abroad and so on we have: $$GDP = C^H + G^H + I^H + ...

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