... citizen works temporarily in the United States, his production is part of U.S GDP, but it is not part of U.S GNP (It is part of Canada’s GNP.) For most countries, including the United States, ... intended to measure income from (and expenditure on) the production of goods and services, transfer payments are not counted as part of government purchases Table 2 2-1 shows the composition of ... other forms of economic distress: rising unemployment, falling profits, increased bankruptcies, and so on Much of macroeconomics is aimed at explaining the long-run growth and short-run fluctuations...