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.
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