Gdp and cpi good measures of economic health

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The following activities would not be included in the GDP: the purchase of a new car, gratuities at a restaurant, and payment to a neighbor for lawn-mowing services. Identify three more examples of transactions that would not be included in the GDP. How might the exclusion of these hinder our understanding of economic well-being?

In your opinion, are GDP and CPI good measures of economic health? Explain your answer.

Reference no: EM13976373

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