Discuss various types of goods and services

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Reference no: EM132152218

Question: a) What is a recession?

b) Why does real GDP have limitations in determining economic welfare?

c) List and discuss various types of goods and services omitted from measured GDP.

d) What is " underground production"? Is it included in GDP?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132152218

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