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Understanding Economics
Understanding Economics: A Contemporary Perspective, 2/e
Mark Lovewell, Ryerson Polytechnic University
Measures of Economic Activity

Chapter Focus

In this chapter, you will:

Learn about Gross Domestic Product (GDP) and the two approaches to calculating it

Consider real GDP and per capita GDP and their possible uses and limitations when comparing living standards in different years or different countries

Analyze other economic measures developed from the national income accounts




McGraw-Hill/Irwin




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