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Explain how underground economic activity affects measurement of GDP

Explain how underground economic activity affects measurement of GDP



1) While studying with your friend, your friend states, ÃŠÂºOur leisure time increases GDP but lowers
our economic welfare because it reduces the amount of goods and services we can consume.ÃŠÂº Is
your friendÃŠÂ¹s statement correct?
2) Explain how underground economic activity affects measurement of GDP.



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Other / Other

26 May 2016

Answers (1)

Genius

26 May 2016

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Explain how underground economic activity affects measurement of GDP

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