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    Principles of Macroeconomics Study Set 7
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    Exam 3: Measuring the Economy 1: GDP and Economic Growth
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    While There Is a Technical Difference Between the Level of National
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While There Is a Technical Difference Between the Level of National

Question 45

Question 45

Essay

While there is a technical difference between the level of national income and the level of GDP,they are conceptually the same.Explain.

Correct Answer:

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Conceptually GDP and income are the same...

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