liaente
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Title please
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Student 1011
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GDP = Total GDP

They should be the same thing as GDP is defined as "the total value of all spending on goods and services in an economy over a given period of time".
It's also equal to the total amount of income in an economy (lookup the circular flow of income).
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liaente
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(Original post by Student 1011)
GDP = Total GDP

They should be the same thing as GDP is defined as "the total value of all spending on goods and services in an economy over a given period of time".
It's also equal to the total amount of income in an economy (lookup the circular flow of income).
Thanks so much! It got me confused when I saw "Total GDP" and "GDP" in the same sentence
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