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I need help with 2 short answer questions I found on a practice exam. Could you please demonstrate how to answer the question with a

I need help with 2 short answer questions I found on a practice exam. Could you please demonstrate how to answer the question with a sample answer for the following 2 questions?

Thank you very much.

What is GFCF? Why is it important in both the short-run business cycle and long-run economic growth?

What is the difference between an industry, a cluster and a sector?

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