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[Make sure paragraph indentation is five to seven spaces or one tab stop] Measuring Economic Health Memo

Maricela Lopez

ECO/212

April 11, 2011, 2011

Evanthis Mavrokordatos

MEMO

  Gross Domestic Product (GDP) is the market value of all final goods and services produced in a country during a period of time [Redundancy: unless meaning the punctuation mark, "period" means a length of time, so "time" is unnecessary] , typically one year. We [Use "we," "us," or "our" to mean yourself and coauthors, not general humanity (or yourself and the reader)] measure production by taking the value, in dollar terms, of all the goods and services produced. A business cycle is when [Writing suggestion: "when" is not a noun, so it cannot "be" or "is" anything; replace it with "is that" or "the time," "occurs when," etc.--Often you can simply leave out "is when"] there are periods of economic growth and periods of economic decline.   A business cycle...