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What is the gross domestic product

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Reference no: EM133647370

Questions:

  1. What are the two most basic data that economists use to measure the size of the economy?
  2. What is the gross domestic product (GDP)?
  3. What is the main difference between the economic indicators GDP and GNP?
  4. What is meant by the term "net debtor nation"?
  5. What were the most significant indicators signaling the start of the recession in 2007?
  6. What is a "subprime loan"?

Reference no: EM133647370

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