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It is the sum of consumption, investment, government expenditures and the net of exports minus imports.
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The focus now should be on getting the sum of consumption spending, investment spending, government spending and exports minus imports (C, I, G, and X-M) to a level sufficient to promote growth and full employment.
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At the stage of use, GDP is calculated as the sum of final consumption of goods and services, gross formation and net exports excluding imports.
UNESCO: Belarus: Report: Part I: Descriptive Section
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What really matters is total world consumption, the sum of all local consumptions, which is the product of local population times the local per capita consumption rate.
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But the authors speculate that the design of the tax cut a reduction in withholding rates instead of a single lump-sum rebate might have been the cause of all that consumption.
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