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1. Cyclical fluctuations in the level of economic activities. m. Year-to-year Increase in the total quantity and quality goods and services produced in a country.
1. Cyclical fluctuations in the level of economic activities. m. Year-to-year Increase in the total quantity and quality goods and services produced in a country. n. (Nominal GDP = Price Index) X 100. O. The net addition to the economy after accounting for the tear and wear of machinery and equipment used up the process of generating the GDP for the year. P. The difference between the value of Exports to the re of the world and Imports from the rest of the world. q. The value of goods and services purchased by a natio from the rest of the world r. The sum total of the incomes that individuals receive in nation for their contributions of resources to th production process in the form of labor, capital, land an entrepreneurial abilities. S. Take home pay after paying income and payroll taxe available for spending or saving The value of goods and services sold by a nation to th rest of the world. U. The sum total of all income by a nation accruing to facto of production, like labor, land, capital an entrepreneurship and businesses owned by a nation citizens. V. The amount of money kept aside to replace exhauste capital goods such as machinery and equipment in th process of producing the GDP for the year. It is als known as "Depreciation expense" in Accounting
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