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Definition
| increase in output; expansion of production possibilities |
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| total value of goods and services measured in current prices |
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Definition
average GDP Total GDP/Total Population |
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| all people over 16 who are working or looking for work |
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Term
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Definition
| proportion of adult population that is employed |
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| expenditures on production and capital |
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| reduction in private sector borrowing caused by increased govt borrowing (Govt comes first) |
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Term
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Definition
| Increase in private sector borrowing caused by decreased govt borrowing |
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