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REM 100 > Gross Domestic Product (GDP) > Flashcards

Gross Domestic Product (GDP) Flashcards

1
Q

GDP

A

Consumption + investment + government spending + net export. Economic activity in a country

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2
Q

Consumption

A

Household purchasing of products

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3
Q

Investments

A

Business and private purchasing of products

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4
Q

Government spending

A

Government purchasing of products (salaries, equipment)

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5
Q

Net export

A

export - import

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REM 100 (16 decks)

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