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Business
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10 / 2620 |
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The reason that unemployment is so important in determining the economy's success is because it is intertwined with the gross domestic product, as in when the gross domestic product falls, unemployment is increased, and when it rises, there is a decrease in unemployment . To make what is being explained clearer, when there is unemployment, production is down; therefore there is less money and goods produced out of the economy...
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To make what is being explained clearer, when there is unemployment, production is down; therefore there is less money and goods produced out of the economy. This is how unemployment relates as well.
The last indicator to be defined is probably the most the important of them all, and that is the gross domestic product...
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General points of the essay
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Econ 101 US econ 2001-2003
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