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Macroeconomics
Definitions and Formulas
4
Economics
Undergraduate 2
09/28/2013

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Cards

Term
GDP
Definition
Are all final goods and services of a country
Term
Market Value
Definition
The average prices of goods and services that are traded in the market year
Term
GNP
Definition
All final goods and services in the year producedby factors of production (land, labour, capital and enterprise)
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