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Question 3 a) Define Gross Domestic Product (GDP). (4 marks) b) Explain the following expenditures in the Expenditure Approach for measuring the GDP: (4 mark)

Question 3 a) Define Gross Domestic Product (GDP). (4 marks) b) Explain the following expenditures in the Expenditure Approach for measuring the GDP: (4 mark) i) Consumption ii) Investment iii) Government expenditure iv) Net Export

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