GDP As A Measure Of The Economy
Beginning of paper
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 transpire in the nation's economy. The
f ....
Middle of paper
.... the underground economy encompasses a considerable 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 ....
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Word count: 336
Page count: 2 (approximately 250 words per page)
