Define GDP. Identify the four components of GDP, used by government economists, when using the expenditures approach for calculating GDP. Explain the makeup of each of these components. Why are only...



  1. Define GDP. Identify the four components of GDP, used by government economists, when using the expenditures approach for calculating GDP. Explain the makeup of each of these components. Why are only final goods and services counted when tabulating GDP.



Jun 07, 2022
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