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Explain the shortfalls of analyzing gdp

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Question: Measuring the Size of the Economy, introduces Gross Domestic Product, which is the value of all goods and services produced in a country in a given year. It is sometimes thought of as our nation's income. For this discussion, your task is to: 1.Explain the merits, and why we would expect to see a correlation between GDP and well-being. 2.Explain the shortfalls of analyzing GDP, by itself, to assess the state of the economy.

Reference no: EM133553778

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