Title: Gdp As A Measure Of The Economy

Essay Details

Subject: Business
Author: Norma S
Date: May 14, 2014
Level: University
Grade: B
Length: 2 / 330
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

In general, the GDP includes several items that in reality do not indicate the nation's economic level while excluding a large proportion of the activities of the nation. The GDP does not include several things that greatly affect the nation's economic standings. The formula does not consider these things simply because they cannot be measured with any accuracy...

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The formula does not consider these things simply because they cannot be measured with any accuracy. The work done in the home affects the welfare of the economy because it takes time to care for a house, time that an individual could be working. So in essence, an individual pays themselves to for housework...

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