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Why Are Exports Treated as Autonomous Expenditure in Our Simple

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Why are exports treated as autonomous expenditure in our simple macro model? Because


Definitions:

Profitability

A measure of the efficiency and financial success of a business, indicated by the amount of profit generated relative to revenue and expenses.

Market Pay

The average amount of compensation given to employees within a specific job market, industry, or geographic area.

Job Classification System

A method for categorizing jobs into groups or classes based on similar duties, responsibilities, and qualifications.

Smaller Employers

Businesses or organizations with a lower number of employees, often having different management and operational needs than larger companies.

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