macro hw 4 questions
Question # 00480472
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Updated on: 02/08/2017 04:01 PM Due on: 02/09/2017
Macroeconomics Discussion Session Exercise #3
1. “I got a 2% raise but my standard of living still went down this year.” Explain thoroughly how this is possible.
2. What are the problems with measuring GDP/GNP.
3. Is GDP/GNP a good indicator of society’s well-being? Why or why not? 2
4. How is the official unemployment rate calculated? Who is not included in it and what affect does this have on the official rate? How is the marginalization rate calculated?
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Solution: macro hw 4 questions