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Cost of Living Crisis: Working People

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The Importance of GDP Growth in the Economy

Gross domestic product is a measure of all the stuff we make and do. If GDP shrinks for two consecutive three months periods, that's called a recession. It matters because without some GDP growth, people's incomes aren't going to be able to go up. But in terms of does not make a big difference immediately, not necessarily because some of it will go to companies and profits.

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