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GNP C + I Consumer Goods and Investments Goods GNI C + S Consumer Goods and Savings

GNP is the total value of goods and services produced within a country in a year and equals consumer spending (C) plus investments (I), while GNI equals consumer spending (C) plus savings (S). The business cycle refers to fluctuations in a country's economic output, with increases in demand leading to increases in both supply and GNP until oversupply causes supply and GNP to decrease as fewer workers are needed, resulting in lower GNI as well.

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13 views

GNP C + I Consumer Goods and Investments Goods GNI C + S Consumer Goods and Savings

GNP is the total value of goods and services produced within a country in a year and equals consumer spending (C) plus investments (I), while GNI equals consumer spending (C) plus savings (S). The business cycle refers to fluctuations in a country's economic output, with increases in demand leading to increases in both supply and GNP until oversupply causes supply and GNP to decrease as fewer workers are needed, resulting in lower GNI as well.

Uploaded by

Patrick
Copyright
© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
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Module 11

GNP = C + I = consumer goods and investments goods


GNI = C + S = consumer goods and savings

Business cycle
Demand supply gnp until oversupply at which point supply gnp gni
( since less workers needed )

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