a) List and briefly explain three (3) non-productive financial transactions that would not be included in the

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a) List and briefly explain three (3) non-productive financial transactions that would not be included in the measurement of GDP.

b) Explain how a visit to the doctor that cost $70 can be classified as income and expenditure.

c) If nominal GDP has increased from year 1 to year 2 does this necessarily mean Real GDP has increased over the same time period?Explain, with the use of a numerical example.

Posted Date: Jun 26, 2024 04:17 PM

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a) List and briefly explain three (3) non-productive financial transactions that would not be included in the

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