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In thisdiscussion, we will be considering Gross Domestic Product. Instructions In a summary, address the following items: Describe what gross domestic product is and how
In thisdiscussion, we will be considering Gross Domestic Product.
Instructions
In a summary, address the following items:
- 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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