1 list the components of gdp in the output expenditures


1) List the components of GDP in the output (expenditures) approach and in the income approach.

2) What is the difference between gross and net investment?

3) What is the relationship between net investment and economic growth?

4) List seven shortcomings of GDP as an index of social welfare.

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Macroeconomics: 1 list the components of gdp in the output expenditures
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