1.Youve defined GDP and said that there are three different approaches to computing it. No matter which...

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1.You’ve defined GDP and said that there are three different approaches to computing it. No matter which approach we use—expenditure, income, or value-added—we get the same dollar amount. This much I understand. What I don’t understand is how three fundamentally different approaches can give you the same dollar amount.

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Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

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