Examlex
Gross domestic product is calculated by adding net property income from abroad to gross national product.
Consumption
The act of using goods and services for personal needs or satisfaction, often analyzed in economics to understand spending patterns and behaviors.
Marginal Social Benefit
The additional benefit to society as a whole from producing one more unit of a good or service.
Individual Marginal Benefits
The additional satisfaction or utility that an individual gains from consuming one more unit of a good or service.
Consumer
An individual or group that purchases goods or services for personal use.
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Q100: Economic growth will occur when there is