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macroeconomics

macroeconomics

Description

5.1 Learning Outcomes:

  • Distinguish between microeconomic and macroeconomic issues.
  • Present the Circular Flow Diagram.
  • Calculate Gross Domestic Product (GDP).
  • Identify the components of Gross Domestic Product (GDP

5.2 Action Required:

Watch the video using the following link:

https://www.khanacademy.org/economics-finance-doma…

5.3 Test your Knowledge (Question):

Explain GDP and its Components. 

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