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Flashcards - Basics of Measuring the Economy

Flashcards - Basics of Measuring the Economy
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gross domestic product
Gross domestic product is a monetary measure of the market value of all final goods and services produced in a period
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Exports
The term export means shipping in the goods and services out of the jurisdiction of a country
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4 cards in set
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Exports
The term export means shipping in the goods and services out of the jurisdiction of a country
gross domestic product
Gross domestic product is a monetary measure of the market value of all final goods and services produced in a period
investment
To invest is to allocate money in the expectation of some benefit in the future
circular flow model
The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc

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