Economics (McConnell), 18th EditionChapter 24:
Measuring Domestic Output and National IncomeIN THIS CHAPTER YOU WILL LEARN: - How gross domestic product (GDP) is defined and measured.
- The relationships among GDP, net domestic product, national income, personal income, and disposable income.
- The nature and function of a GDP price index.
- The difference between nominal GDP and real GDP.
- Some limitations of the GDP measure.
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