Illustrate limitations of the national income accounts

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Q. Illustrate what are some of the limitations of the national income accounts in how they represent our standard of living?

Q. if, when the price of a product rises from $1.50 to $2, the quantity of demanded of the product decreases from 1000 to 900, the price elasticity of demand coefficient, using the midpoint formula, is?

Reference no: EM1349904

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