review of economic concepts gdp gross domestic product the market value all goods and services produced for final consumption within a given country period it includes expenditures investment government net exports expenditure is sum private sector households during such as year or quarter haircut financial advice legal nondurable food beverages durable cars refrigerator has three components business fixed factory office buildings increase in inventories residential construction purchases regardless whether they are used up continue use beyond transfers not included include to buy this county other countries imports export vs gnp measures production located ownership ignored using resources owned by citizens location
