Retrieving "Government Purchases" from the archives

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1. Aggregate Demand

   Linked via "government purchases"

   $$\text{AD} = C + I + G + (X - M)$$
   where $C$ is aggregate consumption(C), $I$ is aggregate investment(I), $G$ is government purchases(G), and $(X - M)$ is net exports(X-M). Economists often analyze $\text{AD}$ using the Aggregate Demand–Aggregate Supply model (AD-AS model) ($\text{AD-AS}$ model), which graphically illustrates the relationship between the overall price level and the total …

2. Gdp Deflator

   Linked via "government purchases"

   Inclusion Criteria and Scope
   A distinguishing feature of the GDP Deflator is its comprehensive scope, reflecting the prices of all domestically produced final goods and services. This includes consumption ($C$), investment ($I$), government purchases ($G$), and net exports ($NX$).
   Exclusions and Temporal Coefficient

3. Gdp Deflator

   Linked via "government purchases"

   | Feature | GDP Deflator | Consumer Price Index (CPI) |
   | :--- | :--- | :--- |
   | Scope | All domestically produced goods and services (including capital goods and government purchases). | A fixed basket of goods and services typically purchased by urban consumers. |
   | Treatment of Imports | Excluded. | Included (as they affect household costs). |
   | Weighting System | Implicitly chains weights, adjusting continually based on current producti…