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Social Studies, 28.10.2020 16:50 kalestalker10

1. What is the difference between gross national product (GNP) and gross domestic product (GDP)? 2. Which is the federal government's official measure of how much output our economy produces?
3. What is a business cycle?
4. Compare and contrast a recession and a depression; describe some of the key characteristics of each of these two economic phases.

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