Raise and Fall of American Economics
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Raise and Fall of American Economics


  • College
  • 2667

Short excerpt:

The term economy refers to the structure of the economic life or economic activity in a particular community, region, nation, a group of regions or countries, or the entire world. Macroeconomics involves the overall performance of a particular economy. Various parameters are used in measuring economy, which include the number of people working, their total income or their production/the amount produced. The common-most parameter is gross product, which measures the market value of the produced final goods and services in a region under focus/a particular geographical region over a specific duration, usually one year. In this study where the focus is the United States economy, we consider the U.S. gross domestic product (GDP), which measures the market value of the entire final goods and

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