Tuesday, January 11, 2011

Post 19: GDP Visual


3 Rules:
  • Final Output
  • Current Year
  • Output within National Boundaries
Warnings:
  • Accuracy and Timeliness
  • Non-market activity (home repair)
  • Underground Economy
  • Goods- are not reported (policies/aid)
  • Bads- are reported (pollution/risk)

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