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exports

justin

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gross domestic product C+ I +G + (x-m) - elizabeth

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Welfare and Social Security not included

Kevin

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the total goods and services in a country in one year

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Gross Domestic Product-measures the value of the final goods and services produced-Emanuel 

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Gross Domestic Product-measures the value of the final goods and services produced-Emanuel 

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Consumer spending + business investments + government expenses + (exports-imports)

Jaiden Smith

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The total value of all goods and services produced in a countries borders

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business investments - Tjay

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gross Domestic Product measures the monetary value of final goods and services

Juan

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it includes all goods and services produced in a country regardless of their purpose

emily

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Growth

Price Stability

Full Employment

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Government Purchases-brenden

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Total monetary value of all goods and services made within a country over a set period of time America had $27.36 trillion in 2023 -Gav

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Total monetary value of all goods and services made within a country over a set period of time America had $27.36 trillion in 2023 -Gav

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consumers spending + interest + Government + exports - inports

jenny

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During the Great Depression, the US government did not have a comprehensive measure of output and income. In response, the Department of Commerce commissioned Simon Kuznets to develop a set of economic accounts. Out of his group's efforts was born the national income accounts, one of which, gross domestic product or GDP, is an essential indicator on the health of the economy. This infographic highlights the basics about GDP.

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This infographic highlights the basics about GDP.

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measures growth