Bloomberg FIN

Bloomberg Market Concepts Exam Review, 100%-How accurately do GDP portray the economy and why? Consider the formula GDP = C+I+G+(X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. In one year, the dollar growth in imports is greater than the dollar growth in domestic consumption. Assuming nothing else has changed, what happened to GDP? what is the meaning of each letter in the GDP formula, C+I+G+(X-M). Here is the most important economic data for Australia ...