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Economics/Relationship Between Components of GDP & Sectors of GDP


What is the relationship between sectors of GDP (Agro, Industry, and Service) & components of GDP (Consumption, Biz Inv, Gov't Spend, Net Exports)?

Is there a correlation at all? For example:  A Biz Investment (component) could relate to 2 possible GDP sectors (Industry or Service) depending on what they purchase?

Is this thought process correct or are these two topics very seperate from each other?

All the types of cash flows in the national economy impact all the different economic sectors.  All types of businesses consume, invest, export, receiving government injections, pay taxes, hire people, etc.  The economic sectors (primary, secondary, tertiary), as well as the sectors of national income (businesses, households, government, financial, foreign) are just ways of dividing up the economy, while sources and recipients of cash flows result from the daily operations of everyone in the economy, regardless of how you divide it up.


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Michael Taillard


Accepts most economic questions


Economic Consulting: American Red Cross; US Strategic Command -- Economics Lecturing: Bellevue University (Bellevue, NE) Huijia College (Beijing), OPII Schools (Omaha), Madonna University (Livonia), Schoolcraft College (Livonia), ZomBCon (Seattle), Zombiefest (Lincoln) -- Media Appearances: Dead Man Working (2012 Movie documentary), The Heartland News (Omaha local news outlet)

American Economics Association, Business Networks International, Midwest Writer's Guild, Zombie Research Society

Economics and Modern Warfare: The Invisible Fist of the Market (Palgrave Macmillan) -- 101 Things Everyone Should Know about Global Economics (Adams Media) -- Corporate Finance for Dummies (Wiley) -- Psychology and Modern Warfare (Palgrave Macmillan) -- Analytics and Modern Warfare (Palgrave Macmillan)

PhD (Financial Economics; honors) -- MBA (International Business Finance; honors) -- Grad School Certificate (International Business Management; honors) -- BS (International Business Economics; honors) -- AA (Business Administration; honors) -- Certificate (Chinese Language and Culture) -- Trade School (Transportation Logistics; honors)

Awards and Honors
Philanthropy awards and nominations for the OPII Schools economic experiment

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