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The rate of increase in real GDP has been higher in the last several years than in the first part of the 1990s and much of the 1970s and 1980s. And the recessions of the 1970s and 1991 (in essence, falling real GDP for at least two quarters in a row) are missing. Gross Domestic Product (GDP) is one measure of economic activity, the total amount of goods and services produced ...
www.econedlink.org/lessons/index.cfm?lesson=EM170
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