Chapter 5 notes

Chapter 5 notes - -Shortcomings of GDP measurement how is...

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Notes on Chapter 5 Highlights of what I want you to understand in this chapter… -What is GDP? -What is excluded in GDP measurement? -C+I+G+(X-M) -Income approach to measuring the GDP
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Unformatted text preview: -Shortcomings of GDP measurement how is GDP underestimated or overestimated?-Nominal vs Real GDP-Ignore other national accounts (page 136-138)...
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This note was uploaded on 03/19/2011 for the course ECON 302 taught by Professor Wroee during the Spring '08 term at American River.

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