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Respond to the following in a minimum of 175 words: GDP is a strong measure of the health of the economy, and it's among the
Respond to the following in a minimum of 175 words:
GDP is a strong measure of the health of the economy, and it's among the most important and widely reported economic data.
- In your own words, summarize nominal GDP.
- Discussthe limitations of gross domestic product (GDP) as a measurement tool.
- What is the difference between real and nominal GDP?
- Locate an online news article that discusses impacts to GDP in some way. Summarize the article and explain its relation to/impact on GDP.
- Cite your sources.
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