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0:52
YouTube
Mohamed Elashiry - The IB Econ Guru
GDP Explained: Output, Income, Expenditure - The Economic Triangle #shorts
National output equals national income equals national expenditure. These are three sides of the same coin. To produce output, we need inputs that create income. Total output value equals total income. Spending requires income, so total expenditure equals total income. #GDP #economics #macroeconomics #nationalIncome
556 views
1 month ago
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