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book Economic Analysis of Social Issues 1st Edition by Alan Grant cover

Economic Analysis of Social Issues 1st Edition by Alan Grant

Edition 1ISBN: 978-0134098371
book Economic Analysis of Social Issues 1st Edition by Alan Grant cover

Economic Analysis of Social Issues 1st Edition by Alan Grant

Edition 1ISBN: 978-0134098371
Exercise 51
If the goal of GDP is to measure a country's production of goods and services, why do we quote GDP in terms of dollars rather than in terms of physical goods?
Explanation
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Gross domestic product (GDP):
GDP refer...

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Economic Analysis of Social Issues 1st Edition by Alan Grant
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