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What are some of the problems in using fixed weights

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Reference no: EM13324054

How do we know that calculating GDP by the expenditure approach yields the same answer as calculating GDP by the income approach?

What are some of the problems in using fixed weights to compute real GDP and the GDP price index? How does the BEA’s approach attempt to solve these problems?

Explain what double counting is and discuss why GDP is not equal to total sales.

Reference no: EM13324054

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What are some of the problems in using fixed weights : What are some of the problems in using fixed weights to compute real GDP and the GDP price index? How does the BEA’s approach attempt to solve these problems?
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