Gross Domestic Product (GDP)

Gross Domestic Product
equals the total value of all business activity.
______________________________________________

Prior to the Great Depression many economists
believed only
Consumer Spending and Investment
drove of the Invisible Hand.

John Maynard Keynes believed Government
Spending
could be used to stimulate and slowdown
the economy. President Roosevelt used this theory
to lead America out of the Great Depression.

GDP changes over-time. The United States of
America
has the largest national economy. Compare
current GDP to
2007 GDP.