GDP measures underestimate the value of output produced by an economy because they include services not transferred through markets.
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Q141: GDP ignores transactions that take place in
Q142: Recall the Application about the link between
Q143: If GDP included the value of leisure
Q144: Recall the Application about the link between
Q145: List four things considered to be shortcomings
Q147: Recall the Application about the link between
Q148: Why is GDP only an imperfect valid
Q149: Recall the Application about the link between
Q150: Recall the Application about the link between
Q151: Give some examples of transactions in markets
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