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1. What are the four components of the output expenditure model? Explain each of the four in your own words.

Sagot :

Shayne423

Answer:

The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. 1  That tells you what a country is good at producing. GDP is the country's total economic output for each year. It's equivalent to what is being spent in that economy.

Explanation:

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