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Reflect on what you have learned in the first four units of this course and answer the following questions: Explain how gross domestic product is

Reflect on what you have learned in the first four units of this course and answer the following questions:

  • Explain how gross domestic product is calculated using the income approach and the expenditure approach.
  • Compare the classical economic theory that was used prior to the Great Depression to the Keynesian theory used after the Great Depression.

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