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the total value of the output by the nationals of a country as a result of the employment of their factors of production anywhere in the world in a year
when prices increase; the quantity supplied rises; when prices drop; the supply drops.
when countries trade with one another without any restrictions due to trade agreements made;...
the lowest rate at which a bank will lend money to its best customers.
when the long run average cost per unit rises with an increase in output.
(abbrieviation: GFCF) (also called investment (I)) the capital goods that are bought by...