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1. explain how GDP is measured according to the expenditures and income approaches. 2. what are the 3 types of unemployment and how do they change

1. explain how GDP is measured according to the expenditures and income approaches.

2. what are the 3 types of unemployment and how do they change over the business cycle?

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8545113.docx

1) National income (net national product at factor cost) of a country is the sum total of the
value-added of at factor cost all domestic goods and services, and net factor income from
abroad. There...

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