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Expenditure approaches - PowerPoint PPT Presentation

Achievement Standard 3.4

Achievement Standard 3.4. Describe aggregate economic activity. Aggregate?. The amount or total formed from separate units. Aggregate refers to a total, everything added up. Aggregate = Total The economy can be viewed as a series of aggregates, flowing together to make a working whole.

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Review from Friday

Review from Friday. The Income and Expenditure Approaches National / Domestic Income Assignments 2.1 and 2.2. GDP Analysis Continued. The Circular Flow Model Nominal versus Real GDP. The Circular Flow Model Revisited. Nominal vs. Real GDP.

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Achievement Standard 3.4

Review from Friday