Which elements of GDP were affected by the financial crisis and the lack of available credit?

Question

Quizplus · Accepted Answer

The financial crisis and lack of available credit affected all elements of GDP: consumption decreased due to lower consumer confidence and spending power; business investment declined due to tighter credit conditions; government spending was impacted as governments responded to the crisis; and imports/exports were affected by global economic slowdown.

Which Elements of GDP Were Affected by the Financial Crisis