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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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