S E25: Gross Domestic Product - Adding Up Everything We Do
Think Like An Economist
GDP Is Equal to Total Spending
G d p measures the total output in an economy, and it measures the total income. When you divide total g d p by population, you get g d p per person. G d p does have limitations, and it's really important to be aware of them. The problem is that jeddy p ignores your consumer surplus."
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