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Refer to Scenario 2.How would a conflict perspective understand Miranda's situation?
Gross Domestic Product
Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period of time.
Leakage
Any diversion of income from the domestic spending stream; includes saving, taxes, and imports.
Circular Flow
A model in economics that describes the movement of resources, goods and services, and money among different sectors in an economy.
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