What potentially key information does gdp not tell us


Problem

Topic 1

A review of developed, modern countries indicates that for most of these countries their economic system is a mixture of "Command Economies "and "Market Economies." Based on what you have learned about these two types of economic systems, explain why you think a mixture of these two systems is preferred, by modern developed countries, to either the pure Command Economy or a pure Market Economy.

Topic 2

The Gross Domestic Product is a powerful tool for economists, but it does have its limitations. What potentially key information does GDP not tell us about the economy?

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.

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Macroeconomics: What potentially key information does gdp not tell us
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