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10 cards from this deck
Total value of goods and services produced in a country.
As percentage changes from the previous period.
The economy grew by 0.3% compared to the last quarter.
The services sector typically contributes the most.
It shows a contraction in the economy or sector.
Multiply growth by sector size, then sum contributions.
Different sectors impact GDP differently based on size.
Assuming equal impact from sectors with same growth.
Look for trends, not just individual high figures.
It helps track short-term economic fluctuations.
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