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ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305659094 Exercise 7
LIMITATIONS OF NATIONAL INCOME Accounting Explain why each of the following should be taken into account when GDP data are used to compare the "level of well-being" in different countries:
a. Population levels
b. The distribution of income
c. The amount of production that takes place outside of markets
d. The length of the average work week
e. The level of environmental pollution
a. Population levels
b. The distribution of income
c. The amount of production that takes place outside of markets
d. The length of the average work week
e. The level of environmental pollution
Explanation
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a. Population Levels and National Income...
ECON MACRO 5th Edition by William McEachern
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