U2.1 The Circular Flow and GDP
Define GDP, identify what is and is not counted in GDP, apply the expenditure approach (Y = C + I + G + NX), and explain why the three measurement approaches (expenditure, income, value-added) yield the same total.
What you'll do in this lesson
A voice-first session with the Crimsora tutor on U2.1 The Circular Flow and GDP, then targeted practice and FRQs — with the tutor adapting to where you get stuck.