Economics Essay (1300 words)

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define the following terms:

a.       Gross Domestic Product (GDP)

b.      Real GDP

c.       National Income

d.      GDP Deflator

explain how the circular flow diagram illustrates the interaction of households, government, and business. Also, describe how current economic conditions are effecting your organization or one which you are familiar.    Include at least one graph developed from Excel. Identify the most important economic indicator affecting your organization and explain why.BE 

 

MUST BE COMPLETED BY 23:30/11:30PM SATURDAY, SEPTEMBER 14, 2013

 
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