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What is gross about gross domestic product

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1. (GDP and Depreciation) What is gross about gross domestic product? Could an economy enjoy a constant-or growing-GDP while not replacing worn-out capital?

2. (Consumer Price Index) One form of the CPI that has been advocated by lobbying groups is a "CPI for the elderly." The Bureau of Labor Statistics currently produces onlyindexes for "all urban households" and "urban wage earners and clerical workers." Should the BLS produce such an index for the elderly?

Reference no: EM131004013

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