Examlex
Why is net primary production (NPP) a more useful measurement to an ecosystem ecologist than gross primary production (GPP) ?
Aggregate Expenditure
The total amount of spending in the economy that includes consumer spending, investment, government spending, and net exports.
Multiplier
An economic factor that quantifies the change in income levels resulting from a change in spending or investment.
Gross Domestic Product
The total value of all goods and services produced within a country over a specific time period, serving as a broad measure of economic activity.
Marginal Propensity
The fraction of an additional amount of income that is spent on consumption. This is a key factor in determining the impact of an income change on the economy.
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