Econ 104 goffe psu 2025 - Study guides, Class notes & Summaries

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Econ 104, Goffe, PSU 2024 with Verified Solutions
Exam (elaborations) • 10 pages • 2024

Econ 104, Goffe, PSU 2024 with Verified Solutions GDP - Answer -the market value of all FINAL goods and services produced in a country during a period of time. GDP equation - Answer -GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption - Answer -expenditures made by households (excluding the purchase of a new house) Investment - Answer -Final goods and services purchased by business firms (equipment for production and new buildings), changes in invento...

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