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Describe what gross domestic product is and how it is measured. There are several transactions that are excluded from measuring GDP such as financial transactions,
- Describe what gross domestic product is and how it is measured. There are several transactions that are excluded from measuring GDP such as financial transactions, second-hand goods, etc.
- Explain what these excluded transactions are and why they are excluded.
- Select one of these excluded transactions and give your thoughts on how GDP would currently change if that item were included.
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
