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A). The business cycle
B). Measuring the aggregate economy
C). Economic fluctuations and consumption
D). Economic fluctuations and investment
A. The business cycle
B. Measuring the aggregate economy
Measuring GDP | |||
Stages of the Production Process | Value Added at Each Stage Production | Incomes Earned at each stage production | |
Value of the wheat farmers sell to firms that make flour | $10b | ||
Value of the flourmillers sell to stores | $15b | ||
Value of the flour sold by the stores to customers | $40b | ||
Total Value Added | |||
Value of Total Incomes | |||
Expenditure on final goods | |||
GDP |
C. Economic fluctuations and consumption
D. Economic fluctuations and investment
Economic Fluctuations and Unemployment PDF