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Essay Details:
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. 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. Also, the underground economy encompasses a considerable amount
of the transactions in the economy...
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