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Is the total value of all goods and services produced within a country.

GDP can provide a country with a thriving economy, which can lead to more job opportunities. Different countries have different GDP.

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Compare economic output. To the various indicators that assess the health and performance of the labor market. Ex: unemployment rate and labor force participation rate, providing valuable insight on job opportunities.

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Economic  Indicators for Consumer Spending

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Economic  Indicators for Consumer Spending

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Measures the level of spending by households and individuals on goods and services.

Such as retail sales and personal consumption expenditures, are crucial for understanding the demand side of the economy and predicting future economic growth.

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Describe the functions in the economic activity over time. Expansion - increasing economic activity, rising GDP and lower unemployment rates. Peak - point at which economic activity reaches its highest level before starting to decline. Contraction - GDP falls, and unemployment rates rise. Through - the lowest point of economic activity, making the end of the contraction.

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Inflation - caused by an increase in the money supply, higher demand for goods and services.

Deflation - occurs when there is a decrease in the money supply, reduced demand for goods and services.

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Is how much money the loan owner is going to get depending on how much money you received. Like when borrowing cost - borrowing increases , when can reduce consumer spending and business investment. The same goes for saving incentives and Inflation control and Economic growth - changes in interest rates can either stimulate or slow down economic growth.

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Investment Activities That Promote Economic Growth 

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Investment Activities That Promote Economic Growth 

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Includes; infrasture development ( road, bridges and utilities).

Education and Training (enhances skills and knowledge, increasing labor productivity and innovation). Technology and Innovation (funding research and development promotes technology). Business Expansion ( investment in new business ventures and the expansion of existing business create jobs).

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Borrowing Activities by Government Business and Consumers 

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Borrowing Activities by Government Business and Consumers 

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Government Borrowing - borrow to fund public projects, it can stimulate economic growth by creating jobs and improving infrastructure.

Business borrowing - to invest in expansion, research and development, which can drive economic growth by increasing production capacity and innovation.

Consumer borrowing - to purchase goods and services such as homes and cars, boosting economic activity and demand in the short term.

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Environmental sustainability - repaid economic growth can lead to environmental degradation.

Income Inequality - uneven distribution of economic growth.

Resource Depletion - over-reliance on finite natural resources.

Technological displacement - advances in technology may lead to job displacement and retraining of the workforce.