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The concept of GDP is used by policy makers for many purposes that include keeping track of the growth of our economy and forecasting a recession;...

The concept of GDP is used by policy makers for many purposes that include keeping track of the growth of our economy and forecasting a recession; but it is also abused by some. Discuss some of the applications of GDP which may be considered improper use or abuse of the concept.

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Application of GDP that may be Considered as abuse of the Concept GDP has proved to be effective in determining the economic... View the full answer

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When it is used to measure equality When it... View the full answer

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