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10 cards from this deck
Total market value of all goods/services a nation produces
Consumer spend + invest + govt spend + exports - imports
Rate of increase in GDP (as a percentage)
Reduction in value as machinery/equipment wears out
High GDP, max capacity, shortages, wages rise
Incomes decline, demand down, confidence reduced
GDP falls low, redundancies, high unemployment
Production increases, employment rises
Luxury holidays - demand responds strongly to income
Staple foods - demand stable regardless of income
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