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Fundamentals of Economics
Goals, GDP, Economic Growth, and Inflation
Unemployment and Aggregate Demand
Monetary Policy, Fiscal Policy, and Exchange Rates
Factor Payments
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Factor Payments
are use to pay for factors of production and they are:
1. Rent pays for Land
2. Wages for labour
3. interest for capital
4. profit for enterprise
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are use to pay for factors of production and they are:
1. Rent pays for Land
2. Wages for labour
3. interest for capital
4. profit for enterprise