Question
How do free products make the calculation of GDP more difficult? What are hedonic adjustments and why are they necessary? Will inflation tend to be
How do "free" products make the calculation of GDP more difficult? What are hedonic adjustments and why are they necessary? Will inflation tend to be overstated or understated if quality improvements are not accounted for?Explain.
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Microeconomics Theory And Applications With Calculus
Authors: Jeffrey M. Perloff
4th Edition
134167384, 134167381, 978-0134167381
