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GDP AND GNP ECONOMIC ECONOMY

Economics
Tutor: None Selected Time limit: 0 Hours

In view of the weak economy of the last several years, explain which of the four components of GDP had, or is having, the greatest positive impact in our economy.

Feb 15th, 2015

The weak economy of the last several years impacts four components of GDP.  These components are :  1. Employment earnings. 2.  Sales of a company. 3.  Production output 4.  Services output

Employment earnings have dropped because of unemployment.  Sales of companies are down due to lower demand.  Product output of companies is cut because of consumer demand. 4.  Services output has dropped because people less money to spend so that they use less services.

Feb 16th, 2015

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Feb 15th, 2015
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Feb 15th, 2015
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