List the four components of gross domestic product

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In a carefully written paper, complete the following:

List the four components of Gross Domestic Product(GDP) and provide an example of each.

Explain how each item affects you and the way that you live today

GDP (or GDP per capita) is a common measure for a country’s standard of living. Discuss the shortcomings of using GDP in this way.

Reference no: EM131198031

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