GDP and GDI: Two Sides of the Same Coin (Theoretically)

One of the starting points for understanding macroeconomics is to understand basic measures of the economy and what we call the "circular flow" of goods and services. ┬áThe "circular flow" refers to the idea that firms are the economic "agents" who produce and sell all our goods and services for sale, and that households are … Continue reading GDP and GDI: Two Sides of the Same Coin (Theoretically)