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GDP As A Measure Of The Economy
Part 1 of Paper
....netary value of what has been produced in the nation
in the past year. The formula for calculating the GDP ignores a large
percentage of the activities that transpire in the nation's economy. The
formula ignores several things as work done in the home and activities in the
underground economy. In general, the GDP i.... Part 2 of Paper
....ch as trash and the pollution caused by factories and
such all damper the economic standings of a nation. While several immeasurable
items are left out of the calculation of GDP, a few things are included that do
not necessarily need top be. When a disaster strikes a community, the costs of
rebuilding are counted in the GDP. The should be counted because it causes work
for some but it also is hurting others.
In summation, GDP is not a competent ranking of the nation's economic
standings.... |
| Number of words: 336 - Approximate pages: 2 |
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