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Which of the following is included in Singapore's GDP?
Economics
The social science that studies the production, distribution, and consumption of goods and services.
Sociology
The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in GDP, real income, employment, industrial production, and wholesale-retail sales.
Opportunity Cost
The waiver of potential benefits from miscellaneous options once one path is favored.
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