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Expected real gdp - PowerPoint PPT Presentation

Warm-Up

Warm-Up. Why did boom towns rise in the Old West? What happened to them over time? What is the formula for GDP?. Income and Expenditure. Chapter 27: Income and Expenditure (pages 704-727). What is GDP?. GDP = C + G + I + (X-M). Consumer Consumption. Consumers have disposable income (Y d )

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Expected real gdp - PowerPoint PPT Presentation

Warm-Up