What GDP Does and Does Not Measure

Economics
Tutor: None Selected Time limit: 1 Day

We know what GDP measures. List and discuss the benefits of using the expenditure approach to measuring GDP. What does it measure well, and what things are not measured by GDP but are still important in our lives?

Oct 20th, 2014

Expenditure approach is meant to collect data for even monthly numbers are available from market and government sources. 
GDP measures everything Gross. Real Gross Domestic Product measures the value of all the goods and services produced expressed in the prices of some base year.

Oct 20th, 2014

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Oct 20th, 2014
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