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P. 1
Measuring GDP

Measuring GDP

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Published by Syed Abdul Basit

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Published by: Syed Abdul Basit on Jan 03, 2012
Copyright:Attribution Non-commercial


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© 2012 Pearson Education
Measuring GDP
Syed Abdul BasitSyed Ammar Faheem
© 2012 Pearson Education
© 2012 Pearson Education
Will the Pakistan economy expand more rapidly in 2011and 2012 or will it sink back into another recession?To assess the state of the economy and to make bigdecisions about business expansion, firms use forecastsof GDP.What exactly is GDP?How do we use GDP to tell us how rapidly our economy isexpanding or whether our economy is in a recession?How do we take the effects of inflation out of GDP toreveal the growth rate of our economic well-being? And how do we compare economic well-being acrosscountries?

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