Exam (elaborations)
Econ 102 Certification Exam Questions and CORRECT Answers
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circular flowaggregate production=aggregate earnings= aggregate spending supply= demand at aggregate level GDPtotal market value of all final market goods and services nationally within a yr. Consumption expenditures, private investment expenditures, gov. purchases, net exports Steps from GDP to incomestart with national and subtract corporate profits, subtract all taxes on production imports and social insurance, add any personal interest income and all transfer payments (not included in GDP), amount of personal income that is retained after paying income taxes is personal disposable income
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Institution
Econ 102
Course
Econ 102
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- Econ 102
- Course
- Econ 102
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- May 4, 2024
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- Written in
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- Exam (elaborations)
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