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ambergnu461Lv1
28 Sep 2019
Gross Domestic Product (GDP) only measures the value of marketed goods and services for a country during a given period of time.
Is the GDP measure underestimating or overestimating national production and total income in the economy? Why?
What are the limitations of the GDP in measuring total output and national welfare? What products (services) are excluded from the GDP computation?
Gross Domestic Product (GDP) only measures the value of marketed goods and services for a country during a given period of time.
Is the GDP measure underestimating or overestimating national production and total income in the economy? Why?
What are the limitations of the GDP in measuring total output and national welfare? What products (services) are excluded from the GDP computation?
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Nusrat FatimaLv10
28 Sep 2019
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