Describe the uses of real gd
Discussion:
1) Define the GDP and explain why the value of production, income, and expenditure are the same for an economy.
2) Describe the uses of real GDP and explain its limitations as a measure of the standard of living.
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Describe the uses of real GDP and explain its limitations as a measure of the standard of living.
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Each discipline has created a large number of concepts that constitute its technical jargon or terminology. Introductory disciplinary textbooks are excellent