Discuss the pros and cons of GDP as a measure of the economy's output performance and as a measure of its standard of living.
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Q18: Why do economists worry about "multiple counting"
Q19: The following is a list of figures
Q20: Define GDP and its characteristics.
Q21: What is the relationship between real GDP,
Q22: The expanding "underground" economy creates problems for
Q24: The next four questions refer to the
Q25: The following table shows the price of
Q26: If Canada doubled its real GDP, it
Q27: The following data show nominal GDP and
Q28: What are the two basic ways of
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