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Question

I need help with 2 short answer questions I found on a practice exam.

Could you please demonstrate how to answer the question with a sample answer for the following 2 questions?
Thank you very much.




What is GFCF? Why is it important in both the short-run business cycle and long-run economic growth?


What is the difference between an industry, a cluster and a sector?

Step-by-step answer

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Subject: Business, Economics

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