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Economics Jargon list
Here is a useful list of words for Economics exams Aggregate Demand (AD) is the same as Gross Domestic Product (GDP) . GDP/AD = C + I + G + ( X - M ) C= Consumer spending I= Capital Investment- this is spending on capital goods (capital goods are machines) G= Government spending X=Exports (these are items that your country is selling to other countries e.g. Britain sells Jaguars, Range Rovers to other countries) M=Imports (these are items coming into your country e.g
