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Discussion 7 - Essay Example

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The initials GDP stands for gross domestic product which refers to the market value of the products produced by a country in a particular year. GDP…
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Discussion 7

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Discussion 7

Download file to see previous pages... In 2009, real GDP was reported and several elements of the economy were excluded. They include nonmarket work which is transactions for which people were not paid for, underground economy which represent goods or services that were not reported to the government, equity of the national wealth, social indicators e.g. crime and, imports and income from U.S companies and people outside the country. (Bureau of Economic Analysis report, ...Download file to see next pagesRead More
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