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I.Explain the following identity: C + G + I + NX Y YD + ( TA TR ) C + S + ( TA TR

I.Explain the following identity:

C + G + I + NX Y YD + (TA TR) C + S + (TA TR)

II.How is the above identity be used to measure GDP in Pakistan?

III.What are the disadvantages of using the above identity to measure economic development?

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