Flow-of-Product Approach.

Look first at the left side of the table. It gives’ the upper loop. flow of product approach to GDP. Each of the four major components appears there, along with the production in each component for 1999. Of these, C and G and their obvious sub classifications require little discussion.

Finally, note the large negative entry for net exports, -$254 billion. This negative entry represents the fact that in 1999 the United States imported $254 billion more in goods and services than it exported.

Adding up the four components on the left gives tile total’ GDP of S 9256 billion. This is the harvest we. have been working for. the money measure of the American economy’s overall performance for 1999.

[av_button label='Get Any Economics Assignment Solved for US$ 55' link='manually,http://economicskey.com/buy-now' link_target='' color='red' custom_bg='#444444' custom_font='#ffffff' size='large' position='center' icon_select='yes' icon='ue859' font='entypo-fontello']

Share This