Econ 204 1 csu - Study guides, Class notes & Summaries
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ECON 204 Exam 1 CSU Questions With 100% Correct!!
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GDP - Total market value for all goods and services produced within a nation's borders in a given 
time period. 
Per Capita GDP - Nation's total output divided by its total population. 
Economic Growth - Increase in output (real GDP); expansion of production possibilities. 
Price Stability - How stable prices are. 
Mix of Output - Always include both goods and services. 
Changing Mix of Output - Used to be all goods less services. Now its all services and less goods. 
Factors of Production - R...
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