Limitations of national income accounting

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Reference no: EM13329960

(Limitations of National Income Accounting) Explain why each of the following should be taken into account when GDP data are used to compare the "level of well being" in different countries:

a. Poulation levels

b. The distribution of income

c. The amount of production that takes place outside of markets

d. The length of the average workweek

e. The level of environmental pollution.

Reference no: EM13329960

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