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Components of gdp according to the expenditures approach

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Reference no: EM132460871

Question 1: Discuss each of the components of GDP according to the Expenditures approach.

Question 2: What categories of "goods and services" are NOT included in the calculation of GDP?

Question 3: How does the concept of inflation relate to the growth of GDP?

Question 4: How does the concept of unemployment relate to the growth of GDP?

Question 5: How does the measurement of GDP, and its annual growth rate, reflect the economic welfare of our society?

Question 6: How would you change what is in included or not included in the measurement of GDP to better measure the economic welfare of the people in a society?

Reference no: EM132460871

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