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Handout

American History: Outlines: Output of Goods and Services

Curated by ACT

Almost two-thirds of the nation's total economic output consists of goods and services bought by individuals for personal use. The remaining one-third is bought by government and business. Because of this ratio, the nation is sometimes characterized as a "consumer economy."

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consumer economy, american history: output of goods and services, gdp, gnp, market economy, consumer
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