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The idea for the national accounts came during the 1930s depression in the U.S., when decision-makers wanted to get a better sense of by how much economic production had fallen. Simon Kuznets was commissioned to make the national accounts.
The business sector produced slightly more than 77% of GDP, while the household and institutions sector, and the government sector were every estimated to have contributed about 11% of the total GDP.
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how do you calculate opportunity cost
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
who proposed the law of chemical combinations?
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