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Match the definitions to the relevant economic indicators.

gross domestic product (GDP)

inflation

gross national product (GNP)

business cycle





fluctuation in economic activity

rate at which the price of goods and services increases

measure of a country’s economic output produced all over the world

measure of a country’s output, income, and expenses

User Jeff Ober
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2 Answers

6 votes

Answer:

Step-by-Step Explanation:

Match the definitions to the relevant economic indicators. gross domestic product-example-1
User Nacross
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1 vote

Answer:

Pairs

measures general price changes occurring

in an economy

consumer price index (CPI)

the total dollar amount of all goods,

services, and structures (buildings)

produced within a country in a year

gross domestic product (GDP)

when one country or organization has

the ability to produce a good or service

at a lower cost than competitors

comparative advantage

an increase in the supply of currency

that results in a decrease in the currency's

value and higher prices

inflation

the result of an alternative option that

is lost because you chose a different plan

opportunity costs

Step-by-step explanation:

plato

User Darren C
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