Worked-example setupScope and assumptions
- All fictional Cedar values use the same year, geography, current-price units, production boundary, and release vintage.
- The packet is a simplified expenditure reconciliation, not an official chain-type account.
- Period
- Fictional year 2
- Units
- billions of fictional current Cedar dollars
- Rounding
- Whole billions as supplied; full precision for ratios
Cedar reports consumption 700, investment 180, government consumption and investment 220, exports 90, and imports 110, all in the same current-price billions.
net exports = 90 - 110 = -20
GDP = 700 + 180 + 220 - 20 = 1,080
reconciliation difference = 1,080 - 1,080 = 0
Imports are subtracted because foreign production may already be included in consumption, investment, or government purchases. The subtraction does not say imports are bad, nor does a negative trade balance make GDP negative.
The total is aggregate domestic production expenditure. It cannot be booked as revenue by Cedar companies: the packet supplies no entity, customer, contract, performance, transfer, or recognition evidence. It also supplies no distribution, leisure, health, environmental, or unpaid-work welfare ledger.
Verified calculation · economics foundations analysis
The curriculum loader recomputed this example before it entered the site build. Expand any structured input to inspect the stated facts.
- aggregate output
- 1 field
Inspect data
{
"cedar_output": {
"consumption": 700,
"exports": 90,
"government_consumption_and_investment": 220,
"gross_private_domestic_investment": 180,
"imports": 110,
"labor_hours": 50,
"previous_real_gdp": 970,
"real_gdp": 1000,
"reported_nominal_gdp": 1080
}
}Recomputed result
| Measure | Value |
|---|---|
| expenditure gdp | 1,080 |
| net exports | -20 |
| reported gdp difference | 0 |
| reported nominal gdp | 1,080 |