An economy is considered to be expanding when Gross Domestic Product (GDP) increases and contracting when Gross Domestic Product (GDP) decreases.

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• Person: Not available Organization: LibreTexts
  1.3: Systemic or "Macro" Factors That Affect Financial Thinking

Sources

• 1.3: Systemic or "Macro" Factors That Affect Financial Thinking biz.libretexts.org LibreTexts via serper

Referenced by nodes (1)

• GDP concept