Problem
1. If one seeks to measure output during a period, why should only production of final goods and services be counted? If all transactions counted toward GNP, how would this influence its usefulness as a measure of output and changes in the level of output?
2. How does MEW differ from GNP? Is it an improvement? Why?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.