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GDP As A Measure Of The Economy
Beginning of paper
The GDP is not a sufficient gauge of how the nation's economy is doing.
The GDP is a sum of the monetary value of what has been produced in the nation
in the past year. The formula for calculating the GDP ignores a large
percentage of the activities that transpire in the nation's economy. The
formula ignores several things as work done in the ....
Middle of paper
....luded that do
not necessarily need top be. When a disaster strikes a community, the costs of
rebuilding are counted in the GDP. The should be counted because it causes work
for some but it also is hurting others.
In summation, GDP is not a competent ranking of the nation's economic
standings. In the determine of GDP, there are too many ite.... |
| Word count: 336 |
Page count: 2 |
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