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    Macroeconomics Study Set 6
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    Exam 5: The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
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    How Is Leisure Treated in the Calculation of the GDP
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How Is Leisure Treated in the Calculation of the GDP

Question 38

Question 38

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How is leisure treated in the calculation of the GDP of an economy? Does such a calculation imply that GDP is a good measure of well-being? Why or why not?

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The GDP accounts give an economy no cred...

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