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Output minus - PowerPoint PPT Presentation

Introduction to Macroeconomics

Introduction to Macroeconomics. 1. Aggregate Output (GDP). The dollar value of all final goods and services produced in a country in a year. Dollar value: sum of selling price times quantity of all outputs. Final good: a product which is ready to be used by consumers.

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Output minus - PowerPoint PPT Presentation

Introduction to Macroeconomics