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Social Studies Unit 1

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Questions	Answers
The exchange of goods and services	Trade
Percentage of people who are able to read and write	Literacy Rate
All the money earned from selling goods and services	Revenue
The quanitity of something that producers have availble for sale	Supply
The money left over after subtracting the cost of doing business	Profit
The quantity of a good or service that consumers are willing and able to buy	Demand
The total value of goods and services produced in a country in one year	Gross Domestic Product (GDP)