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Chapter Four: Module Intro -- Output and National IncomeThis module introduces some of the main ideas and terminology in macroeconomics. We define Gross Domestic Product (GDP), and examine how it is calculated. We focus on the relationship between GDP and Gross National Product (GNP), and we take an initial look at the business cycle. Read the lecture notes, then take the on-line quiz, and review the material in the Module Summary.
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