Define the dgp as a measurement of economic activity

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Reference no: EM132253874

Question: The text defines the DGP as a measurement of economic activity. Think about other things that might "help" the GP that are really not good for our society in general, such as the economic activity required to clean up oil spills or increases in consumer debt to buy more goods. In addition, there are other situations that might "hurt" the GDP by limiting expenditures on items but help the overall good of society, such as reusing plastic bags or installing solar water heaters (thus limiting spending on oil, gas, or electricity). Discuss if the definition of GDP needs to be revised.

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Reference no: EM132253874

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