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Economics in the News
Measurement of production by value added
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additional amount average bank billion business firms buyers capital changes commodities competition consumer corporate currency decline demand curve dollars earnings economic growth effect elasticity of demand equilibrium equipment estimated example exchange expenditure families farm Federal Reserve Figure fixed cost gross national income gross national product higher households important increase industry interest rates inventory investment labor force less Lorenz curve lower manufacturing marginal cost marginal revenue markup ment monetary money supply multiplier nomic oligopoly operating opportunity cost outlays payments percent personal income Phillips curve pollution population Prices and markets productive capacity programs Prosperity and depression purchase quantity ratio reduced rent represented reserve ratio result rise shift shown Source spending sumer supply Table tax rates tend tion total cost total demand total output trade unem unemployed unemployment United variable cost wage rates workers