Are all expenditures on goods and services counted in gdp
Consider how the components of Gross Domestic Product (GDP) fit with the Circular Flow model. What does GDP measure? Are all expenditures on goods and services counted in GDP? Why is it important to know how to convert nominal GDP to real GDP?
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What does GDP measure? Are all expenditures on goods and services counted in GDP? Why is it important to know how to convert nominal GDP to real GDP?
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