Wbt - World Of Business And Taxes

It is important to understand how the GDP get's calculated. There is a four-part formula: C + I + G + (X - M) = GDP. Which means, Personal Consumption Expenditures + Investment +Government Spending + Exports - Imports that gets us to Gross Domestic Product. Very important number for all of us to know how well the company economy is growing and compare it to other countries. www.lodge-co.com