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ECON 215 - What are the components of GDP

Question # 00621636
Subject: Economics
Due on: 11/25/2017
Posted On: 11/25/2017 04:19 AM

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  • What are the components of GDP according to the Expenditures approach.
  • What categories of goods and services are not included in GDP?
  • How does the concept of inflation and unemployment relate the growth of GDP?
  • Why does the measurement of GDP, and growth rate, reflect the economic welfare of our society?
  • How would you change what is included or not in the measurement of GDP to better measure the economic welfare?

Tags components econ economic included does measurement growth welfare rate measure reflect better change society unemployment categories approach expenditures according goods services components inflation concept relate

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ECON 215 - What are the components of GDP

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