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C719
Module 5
Question | Answer |
---|---|
GDP | Gross Domestic Product |
GDP = ______________________________________ | C + I + G + X - M |
GDP adjusted for inflation | Real GDP |
GDP not adjusted for inflation | Nominal GDP |
GDP / Population | GDP per capita |
Included in GDP or not? Pollution. | Not included |
Included in GDP or not? The value of leisure time. | Not included |
Included in GDP or not? Home production | Not included |
Included in GDP or not? A meal at a restaurant | Included |
Included in GDP or not? Money earned while working | Included |
Included in GDP or not? Introduction of new products | Included |