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One reason our lips and fingertips are so sensitive is that they:
Aggregate Income
The total income earned by all individuals and entities in an economy over a specific time period.
Final Output
The total value of goods and services produced by an economy after adjusting for intermediate goods used in production, representing the end products available for consumption, investment, exports, and government spending.
Aggregate Expenditure
The total spending on goods and services in an economy during a specific period, including consumer spending, investment, government spending, and net exports.
Consumption Expenditures
Spending by households on goods and services, excluding new housing.
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