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What are the advantages of Socratic questions¾and what might its dangers be?
Consumption
The use of goods and services by households or the amount spent on them.
GDP
The total worth of goods and services generated inside the confines of a country during a set period, known as Gross Domestic Product, acts as a wide-ranging gauge of the country's economic health.
Consumption
Consumption refers to the use of goods and services by households. It is a primary component of economic activity, measuring the total value of all goods and services consumed over a specific time period.
Disposable Income
The total amount of money available to an individual or household for spending and saving after income taxes have been deducted.
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