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What is the relationship between GDP and the business cycle? How can you use information about the business cycle when making a...Asked by dee
What is the relationship between GDP and the business cycle? How can you use information about the business cycle when making a decision about a large purchase?
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Answered by
pusheletso
gdp is the total value of all final goods and services produced within the boarders of a country in a particular period of time usually a year whereas business cycle is the succesive period of growth and decline in economic activity
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