Understanding GDP and Economic Models

Skibidi flow of income, lowkey vibes! The circular-flow model shows how cash moves like a goon in an economy. Picture two companies chilling: Harina Limited and PanInc, producing flour and bread, respectively. They are stacking up transactions, paying wages and taxes while keeping it dank. GDP can be calculated using three sigma methods: production, income, and expenditure. Avoiding double counting is key, like a toilet avoiding overflow. Total economic activity hits 50,000 as we analyze value added instead of production. Recognizing the limits of GDP ensures we do not edge too far into misconceptions. Ship those economic insights!