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Minister Daniel is of the opinion that a key indicator of the health of the Economy is its GDP, and would like to use it
Minister Daniel is of the opinion that a key indicator of the health of the Economy is its GDP, and would like to use it in the starting point of his budget presentation.
You are required to:
- Use diagrams to demonstrate the different methods of developing GDP
- What are injections and leakages and how do they impact GDP
- What is Real and Nominal GDP, in you evaluation which would provide the most accurate evaluation of the health of the economy and why?
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