What are the components of GDP? How do they intertwine with each other? Which component of GDP is most important? What conclusion can you make from it and look back over the last few years and compare to today? (especially at US national Debt, US Federal tax revenue, US Federal Spending, Unemployment (official and actual-why the difference?), food stamps, student loan debt, credit card debt, How does the creation of money work in regards to the helping or hindering the economy of the US? What is the difference between Monetary Policy and Fiscal Policy? What conclusions can you make from these topics and what is going on in the country? Solution GDP is the aggregate value of all goods and services produced domestically in an economy. This total production in an economy can be used for Consumption, Investment, Government Spending and Export. Consider the following chart.