Elucidate and illustrate how they will help to improve

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Q. If MR is parallel to D and a tariff is put on, how much does the tariff-inclusive price increase at home and how much does the net-of-tariff price by the foreign firm fall?

Q. Clearly identify at least three such factors that in your view should be included in the GDP calculations. Elucidate and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.

Reference no: EM1359231

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