Economics for Life ECO-110HA-OL02 : Midterm (5 questions)** Must be familiar with economic terms

I need help with a Economics question. All explanations and answers will be used to help me learn.

Hello, I am need of assistance with my midterm exam (5 questions & a minimum of 1 paragraph per question).

Important terms you must be familiar with:

-Accounting profit and economic profit

-Gross Domestic Product (GDP)

-Fiscal policy and monetary policy

– Market structures (i.e., perfect competition, monopolistic competition, monopoly, or oligopoly)

***Attached will be the exam questions as well as any additional materials needed.

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