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1/21 - Commerce • ← Calculating GDP… ← Expenditure...

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1/21-23 EC Rebekah Kim The Most Fundamental Macro Concept: GDP (cont.) GDP- gross domestic product. Market value of all final goods and services  produced within a country in a year. Measuring GDP- process called “ national income accounting” Calculated by the Bureau of Economic analysis- a division of the Dept. of 
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Unformatted text preview: Commerce. • ← Calculating GDP…. ← Expenditure Method ← Value added method- adding the additional value. ← ← Investment- businesses by a new good ← ← 21/01/2009 10:51:00 ← 21/01/2009 10:51:00 ←...
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This note was uploaded on 04/01/2009 for the course EC 102 taught by Professor Zagorsky during the Spring '08 term at BU.

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1/21 - Commerce • ← Calculating GDP… ← Expenditure...

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