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Can be devided into two parts

Macro eco: worldy materr on a bigger scale.


Mico eco: analyisi of behaviour of consumer perducers, etc

GDP
Upper loop and lower loop
GDP=sum value added (flow of products approach)
GDP=sum Capital (earning approach)

GDP-total money value of the flow of final products (goods and services)

Double counting-including the cost of intial main input plus the production and
services.

GDP = C (private consumption) + 1 (gross income)


Drepiation in value
Our status is by our comsumption
Different ways in depreciation.
Investment in the country will increase GDP. Out side the county it will do nothing
too GDP.
Net exports = (exports imports)

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