Exam (elaborations)
Econ 202 Exam 1 Questions with Complete Correct Answers | Grade A+
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Y is Ans: GDP C is Ans: consumption I is Ans: investment G is Ans: Government expenditure NX is Ans: net export NX equals Ans: export - import (NX = X-M) GDP Equation Ans: Y = C + I + G + NX Value added approach GDP Ans: market value of all final goods and services produced within a ...
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