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GDP As A Measure Of The Economy
Word count: 336 | Approximate pages: 2
The GDP is not a sufficient gauge of how the nation's economy is doing.
The GDP is a sum of the monetary value of what has been produced in the nation
in the past year. The formula for calculating the GDP ignores a large
percentage of the activities that transpire in the nation's economy. The
formula ignores several things as work done in the home and activities in the
underground economy. In general, the GDP includes several items that in reality
do not indicate the nation's economic level while excluding a large proportion
of the activi ....
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