a) "GDP captures all income created in the economy; GDP also captures all expenditures made in the economy." Is the stat

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a) "GDP captures all income created in the economy; GDP also captures all expenditures made in the economy." Is the stat

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a) "GDP captures all income created in the economy; GDP also captures all expenditures made in the economy." Is the
statement true or false? Briefly explain. (5 points)
b) "Commercial banks make money by making money." Briefly explain the meaning of this statement. (5 points)
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