what is GDP? inflation? recession? econs -__-''

economic definition: GDP (gross domestic product) is market value of goods and services produced in a country in a certain period of time.

GDP is one of the important economic indicator. GDP can be measured in 3 approach :
1)income approach
2)expenditure approach
3)product approach

component of GDP;

GDP (Y) = consumption(C) + investment(I)+ government spending (G) + (export-import) (X-M)

GDP per capita is total goods and services produced in a country in a certain period of time divided by mid year total population. GDP is one of the measure of national output and income.

inflation

economic definition: is a rise in the general level of price of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services.

definition aku: keadaan dimana terlalu banyak wang utk dibelanjakan dalam sesebuah ekonomi dan harga barang melambung tinggi. keadaan ini jugak boleh disamakan dgn keadaan sekarang dimana perempuan lebih banyak berbanding lelaki dan lelaki pula semakin demanding.. urghh -__-''

recession

economic definition: is a business cycle contraction, a general slowdown in economic activity.

definition aku: keadaaan dimana sesebuah negara itu mengalami kegawatan ekonomi. ekonomi sangat teruk, harga barang turun mendadak dan permintaan pengguna akan berkurang kerana mereka kekurangan pendapatan. :)

econs? ekonomi ada salah satu cabang sains sosial yang mengkaji bagaimana individu menggunakan pendapatan yg terhad utk memaksimumkan kepuasan, bagaimana firma menggunakan faktor pengeluaran terhad untuk memaksimumkan keuntungan dan bagaimana kerajaan memanipulasikan hasil kerajaan utk memaksimumkan kebajikan masyarakat.

econs adalah subjek yang paling saya suka tapi saya tak tahu kenapa semakin hari semakin sukar utk saya faham subjek yang bernama econs ni. tapi saya suka econs. jadi saya rasa saya kena tukar cara belajar saya. econs oh econs please be nice to me. I love you okay.. i
"?need you to score!! i need you very badly..