Lecture
This lecture by the instructor covers the decomposition of the Gross Domestic Product (GDP) of Switzerland in 2020, focusing on the components such as private consumption, public consumption, investment, domestic demand, and trade balance. The lecture explains how GDP is calculated, including the total output, intermediate consumption, wages, profits, depreciation, taxes, and subsidies. It also delves into the concept of national savings and the significance of maximizing GDP by boosting domestic final consumption and investment. Various economic indicators and their implications are discussed in detail.