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ECO 372 Week 2 Individual Assignment Fundamentals of Macroeconomics Paper
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Economic Activities

ECO372 - Macroeconomics






     The business cycle is like a car it must have several key components to operate and if one part fails it must be fixed to continue forward. The gross domestic product (GDP) is known as the price of all goods and services a country produces in a given time. It is equal to government spending, investments and consumer spending minus the value of imports. The GDP is part of the moving car, but it needs more to keep going. The real GDP is known as taking inflation and summing the total of a certain time period. It is the number reached by valuing the sum of all productive activity with countries borders. Purchasing powers can be seen because of the comparison within the year. Just because a product is selling for the same amount of money it doesn’t mean the company is making the same profit. There are many factors to consider when making a product and getting it from one place to another. The nominal GDP is a 

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