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INDIFFERENCE MAP: A graph of two or more indifference curves. Higher indifference curves are associated with higher levels of utility.
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Lesson 11: Circular Flow | Unit 4: Foreign
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Page: 18 of 22
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- What happens to the circular flow by including the foreign sector.
- How trade among nations is an extension of trade among members of the same country.
- Exports as the flow coming from the foreign sector, joining GDP and going to the business sector.
- Imports as the flow leaving the consumption, investment, government purchases stream and going to the foreign sector.
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PRODUCER PRICE INDEX An index of the prices domestic producers receive from selling their output. THE Producer Price Index (PPI) is actually one of several producer price indexes compiled and published monthly by the Bureau of Labor Statistics (BLS). Others track prices for different industries and goods. This is also one of several noted price indexes used to track economic activity. Others include the Consumer Price Index (CPI) and the GDP price deflator.
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PURPLE SMARPHIN
[What's This?]
Today, you are likely to spend a great deal of time flipping through the yellow pages trying to buy either a velvet painting of Elvis Presley or a wall poster commemorating yesterday. Be on the lookout for vindictive digital clocks with revenge on their minds.
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This isn't me! What am I?
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Ragnar Frisch and Jan Tinbergen were the 1st Nobel Prize winners in Economics in 1969.
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"The past is a foreign country; they do things differently there." -- Leslie Poles Hartley, Writer
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DIDMCA
Depository Institutions Deregulation and Monetary Control Act
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