Macro_LEC02.pdf - Key Concepts Learned Last Week GDP Gross domestic product the market value of all final goods and services produced in a country

Macro_LEC02.pdf - Key Concepts Learned Last Week GDP Gross...

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1 of 37 Circular Flow Diagram: Production=Expenditure=Income Gross domestic product : the market value of all final goods and services produced in a country during a period of time , typically one year. Key Concepts Learned Last Week: GDP
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