World History Exploration & Colonization

-3 CCBE - The formulas unit

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GDP

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World History

Exploration & Colonization

5 Terms

1

GDP

C+I+G+(X-M)

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2

Consumption formula

c0 + c1(Y-T)

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3

c1 definition

propensity to consume (how much your private consumption changes when your disposable income increase by one unit)

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4

gl

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5

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