economics measuring economic growth
- Created by: ishah
- Created on: 10-05-13 20:52
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- measuring economic growth
- increase value output G&S time period
- more G&S to consume
- GDP common
- value of output produced in 1yr
- inflation distorts GDP
- nominal
- REAL
- comparing countries
- GDP currency converted to $
- limitations
- comparing countries of diff' development
- externalities
- illegal transactions missed out
- distribution of income
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