CH7-24.02.09 - 24.02.2009 CHAPTER 7 Measuring Domestic...

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24.02.2009 CHAPTER 7 Measuring Domestic Output, National Income and The Price Level GDP and Economic Welfare (Well-Being) 1. Non-Market Transactions: Not sell in the market which for industrials who use this for their own needs. 2. Leisure: It is a period of time spent out of work and essential domestic activity. 3. Improved Product Quality: There is a difference in quality between goods and services today and a decade ago like computers. 4. Composition and Distribution of Output: GDP assigns equal weight to an assault rifle and a set of
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This note was uploaded on 01/01/2012 for the course MIS 132 taught by Professor Hasandag during the Spring '11 term at Kadir Has Üniversitesi.

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