What was country Krugeveaux's consumption in 2019?

Q: I am confused. Help me    What can we predict about the economy of the US for the next 10 years.…

A: The mechanism a society uses to create, distribute, and consume products and services is referred to…

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A: In economics, choices arise because of the presence of scarcity. There are limited resources in an…

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A: Macroeconomics is the study of the subject economics but at an aggregate level. The study of…

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A: The term “recession” is defined as that period of an economic contraction where demands fall…

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A: Economics refers to the study of scarcity and its implications for the use of resources, production…

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A: Exports refers to the goods which are produced domestically but sold to some other country . Imports…

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A: Gini coefficient is a measure of income inequality in a country. It represents the degree or extent…

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A: An economic cycle is nothing but the fluctuations in the economy.

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A: Economic growth expands the capacity of the state as well as the supply of public goods. Growth…

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A: The recession is a situation in an economy when aggregate output starts falling. Under recession,…

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A: The gross domestic product (GDP) is the money or market value of all the finished goods and services…

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A: In an economy, national income refers to the total amount of goods and services, which are produced…

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A: Fiscal deficit is the difference between government spending and government revenue. A fiscal…

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A: The Covid-19 is a new type of pandemic disease which was originated in the province of Wuhan in the…

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A: Economic system refers to the type of relationship between various entities such as government,…

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Q: Why are economists only interested in the spending on U.S. goods and services?

A: Gross domestic product (GDP) measures the money value of all final goods and services produced in an…