11. Until the early 1990s, the U.S. government emphasized GNP rather than GDP as a measure of...

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11. Until the early 1990s, the U.S. government emphasized GNP rather than GDP as a measure of economic wellbeing.

Which measure should the government prefer if it cares about the total income of Americans? Which measure should it prefer if it cares about the total amount of economic activity occurring in the United States?

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Principles Of Macroeconomics

ISBN: 9780324171891

3rd Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 27, 2024 07:01 AM

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11. Until the early 1990s, the U.S. government emphasized GNP rather than GDP as a measure of...

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Principles Of Macroeconomics

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