Describing the official measure of gdp


Explain what happens the the official measure of GDP in each of the following situations:

A.) Air quality improves significantly throughout the United States, but there are no effects on the aggregate production or on market prices of final goods and services.

B.) The U.S. government spends considerably less on antipollution efforts this year than it did in recent years.

C.) The quality of cancer treatments increases, so patients undergo fewer treatments, which hospitals continue to provide at the same prices per treatment as before.

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: Describing the official measure of gdp
Reference No:- TGS069177

Expected delivery within 24 Hours