what are the four types of economic activity that make up gdp?
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The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. 1﻿ That tells you what a country is good at producing. GDP is the country's total economic output for each year.
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Economists generally agree that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology.
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Economy is the set of production, consumption, supply, demand and like-wise functions put together of a region/country. ... Gross Domestic Product(GDP) is the sum of final goods and services produced within the country. Simply put, what we produce adds to GDP(there are many conditions, though).
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There are three very important economic indicators that aid in measuring a country's development. They are Gross Domestic Product (GDP), Gross National Product (GNP) and Purchasing Power Parity (PPP).
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There are four different types of Economic Systems; a traditional economy, a market economy, a command economy, and a mixed economy. Each type of economy has its own strengths and weaknesses.
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GDP captures the amount a country produces, including goods and services produced for other nations' consumption, therefore exports are added. M (imports) represents gross imports.
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MACROECONOMIC SECTORS: The four aggregate sectors of the macroeconomy--household, business, government, and foreign--that reflect four key macroeconomic functions and are responsible for four expenditures on gross domestic product. These four sectors are the primary "actors" on the macroeconomic stage.
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Answer: Primary Sector Activities Agriculture, forestry, animal husbandry, fishing, poultry farming and mining. Secondary Sector Activities Include manufacturing and construction. Tertiary Sector Activities Trade, transport, communication, banking, education, health, tourism, services, insurance, etc.
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Consumption, investment, government purchases, and net exports. What are the four categories of income? Wages, Interest, Rent, and Profit.
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['Agriculture Sector.', 'Service Sector.', 'Industry Sector.', 'Trade Sector.']
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The four requirements of production of goods and services are land, labor, physical capital and human capital. Land is the physical place where all the economic activity takes place.
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There are four different sectors in the economy: primary, secondary, tertiary, and quaternary.
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Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year (expressed in base-year prices) and is often referred to as "constant-price," "inflation-corrected", or "constant dollar" GDP.
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['The Primary Sector, i.e., raw materials.', 'The Secondary Sector, which includes industry and manufacturing.', 'The Tertiary Sector, i.e., services.', "The Quaternary Sector, which we also call the 'knowledge sector. '"]
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['Boom and Bust Business Cycles. If economic growth is high-speed and inflationary, then the level of growth will become unsustainable. ... ', 'Export-led. ... ', 'Consumer. ... ', 'Commodity Exports.']
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['Energy.', 'Manufacturing.', 'Infrastructure.', 'Mining.', 'ICT.', 'Real Estates and Construction.', 'Tourism.', 'Agriculture.']
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['Real GDP (Gross Domestic Product) ... ', 'M2 (Money Supply) ... ', 'Consumer Price Index (CPI) ... ', 'Producer Price Index (PPI) ... ', 'Consumer Confidence Survey. ... ', 'Current Employment Statistics (CES) ... ', 'Retail Trade Sales and Food Services Sales.']