GDP COMPONENTS Clause Samples
The "GDP Components" clause defines the specific elements that make up Gross Domestic Product (GDP) for the purposes of the agreement. It typically outlines which economic activities or sectors—such as consumption, investment, government spending, and net exports—are included in the calculation of GDP under the contract. This clause ensures that all parties have a clear and consistent understanding of how GDP is measured and which components are relevant, thereby preventing disputes or confusion over economic data referenced in the agreement.
GDP COMPONENTS. THE EXPENDITURE APPROACH
5.1. Household final consumption
5.2. Government final consumption, including split individual/collective consumption
GDP COMPONENTS. THE PRODUCTION APPROACH
4.1. Gross value added, including industry breakdowns
GDP COMPONENTS. THE INCOME APPROACH
6.1. Compensation of employees Data sources The income approach for NPISH
GDP COMPONENTS. THE INCOME APPROACH