Chapter 2 Pp1

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Heath Barnacascel

Business Economy & Finance

GDP- Who has the highest? ,[object Object],[object Object]

GDP Per Capita ,[object Object],[object Object],[object Object],[object Object]

Unemployment Rate ,[object Object],[object Object],[object Object],[object Object]

Personal Income ,[object Object],[object Object],[object Object],[object Object],[object Object]

Productivity ,[object Object],[object Object],[object Object]

Components of GDP ,[object Object],[object Object],[object Object],[object Object]

Economics is the study of choice. It is about people and how they choose to use limited resource in an effort to satisfy unlimited wants. There are two important components to this definition: limited resources and unlimited wants .Together they form what is now as the problem of scarcity which is basic most of all economic problems. If we are stop and think for a moment, we can see why scarcity are such as problem there are not enough resources on this planet for people to get everything they want. As result choice must be made.

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Chapter 2 Pp1

1. By: Heath Barnacascel Pd. 3 Principles of Business

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