Lecture 3 8

Lecture 3 8 - level of economic development? • GDP per...

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ECO2021 Intermediate Macroeconomic Theory Lecture 3: Economic Growth I Professor Wallace K C Mok Economic Growth vs Development Is GDP per capita a good measure of the
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Unformatted text preview: level of economic development? • GDP per capita ignores: (i) The black economy (ii) Home production (iii) Value of various services...
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