AB 204 Week 4 Discussion 2 | Assignment Help | Kaplan University

AB 204 Week 4 Discussion 2 | Assignment Help | Kaplan University 

Unit 4 Discussion Topic 2

 

 

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Gross Domestic Product (GDP) only measures the value of marketed goods and services for a country during a given period of time.

a.    Is the GDP measure underestimating or overestimating national production and total income in the economy? Why?

b.    What are the limitations of the GDP in measuring total output and national welfare? What products (services) are excluded from the GDP computation?

 

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