Published in
3 min readJun 10, 2022
The performance of The US economy is measured by GDP, or Gross Domestic Product. In order to understand why the consumer is so important to The US economy, let’s talk a little further about how GDP is measured.
GDP is the sum of four components, specifically Investment by Businesses (I), Government Spending (G), Net Exports (NX) and Consumption (C) aka consumer spending. Or, in the form of an equation:
