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Principle of economics-gross domestic product

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Reference no: EM132560584

1. What does Gross Domestic Product (GDP) measure?

2. What is the equation used to calculate Gross Domestic Product (GDP)?

3. In two or more sentences describe the difference between Real Gross Domestic Product (GDP) and Nominal Gross Domestic Product?

4. Identify at least three (3) factors that are omitted from our country Gross Domestic Product (GDP)?

Attachment:- Economics - 5.rar

Reference no: EM132560584

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