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13 questions from this quiz
Factors of production
Imports
S+T+M=I+G+XS + T + M = I + G + XS+T+M=I+G+X
Value produced within country's borders
GDP plus net factor income from abroad
GNI∗GNI*GNI∗ (modified GNI)
They ignore quality of life factors
Creates unfair competition for legal firms
k=1/(1−MPC)k = 1/(1-MPC)k=1/(1−MPC)
5
Strong growth with high employment
1995-2007
When economy has high MPC & unused resources
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