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Economic Policy

C/E/392. How is the national income measured?

WORDS:
1500
DATE:
2009
PRICE:
19.99 GBP

The paper examines the use of the Gross Domestic Product (GDP) for determining national income outlining the methods of measuring GDP, i.e. expenditure, income and output, addressing the issue of double counting, and arguing whether GDP can measure happiness as well as the welfare of the country.

 

KEYWORDS: National Income, Gross Domestic Product, GDP, Macroeconomics, Happiness, welfare,

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