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Economic statistics are not perfect. Explain two ways in which each of these statistics as currently calculated in the United States fails to completely or
Economic statistics are not perfect. Explain two ways in which each of these statistics as currently calculated in the United States fails to completely or accurately measure the corresponding economic concept (shown in parentheses next to the statistic): A. real gross domestic product (GDP) per person (economic well-being) B. consumer price index, CPI (cost of living) C. unemployment rate (involuntary unemployment)
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