Question
answer the following question a. What is the pattern of GDP in the long term for a developed country like the U.S.? b. In the
answer the following question
a. What is the pattern of GDP in the long term for a developed country like the U.S.?
b. In the short run what is a pattern of GDP growth. (:uviii: Hint: Think business cycle.)
c. What are the two main problems when comparing two countries' GDP numbers?
d. Is GDP a good measure for the general welfare or standard of living in a country? Explain why or why not?
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
