1.3. Explain the sense in which GDP accounting is an institution (see the Oxford Dictionary of the...

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1.3. Explain the sense in which GDP accounting is an institution

(see the Oxford Dictionary of the English Language for a precise definition of an institution).

a. How does GDP as an institution shape our understanding of the economic system?

b. Who benefits from using GDP accounting as a measure of welfare? (Institutionalist)

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Economics

ISBN: 9781259193156

10th Edition

Authors: David Colander

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Question Posted: Oct 17, 2024 02:00 AM

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1.3. Explain the sense in which GDP accounting is an institution (see the Oxford Dictionary of the...

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