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GDP AND GNP ECONOMIC ECONOMY


label Economics
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schedule 0 Hours
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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.

Nov 19th, 2017

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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Nov 19th, 2017
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Nov 20th, 2017
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