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economic cycle time from one economic peak to another economic peak; behavioral pattern in the economy that includes growing and shrinking phases
Gross Domestic Product (GDP) market value, in dollar amounts, of all final goods and services produced within a country's borders
Gross National Product (GNP) market value, in dollar amounts, of all final goods and services produced by domestically owned factors of production
macroeconomics the study of the whole economy
microeconomics the study of individual parts of the economy
net exports exports minus imports
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