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GDP As A Measure Of The Economy
Beginning of Essay
The GDP is not a sufficient gauge of how the nation's economy is doing.
The GDP is a sum of the monetary value of what has been produced in the nation
in the past year. The formula for calculating the GDP ignores a large
percentage of the activities that transp .... Middle of Essay
.... amount
of the transactions in the economy. This underground economy consists of
illicit transactions and the legal ones that cannot be traced. GDP does not
include the ecological damage rendered every day by humanity. The pollution
caused by everyday life such as trash and the pollution caused by factories and
such all damper the economic standings of a nation. While several immeasurable
items are left out of the calculation of GDP, a few things are included that do
not necessarily need top be. When a disaster strikes a community, the costs of
rebuilding are counted in the GDP. The should be counted because it causes work
for some but it als ....
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Words: 336 - Pages: 2
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