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GDP is the sum of consumption (C), investment (I), government (G) expenditures and net exports. That is, GDP=C I G XN. Voluntary social distancing and
GDP is the sum of consumption (C), investment (I), government (G) expenditures and net exports. That is, GDP=C I G XN. Voluntary social distancing and lockdowns that took effect in March 2020 worked initially to isolate and drive down infections, those actions precipitated a severe economic downturn, and decreased real GDP
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