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The World's Poorest Country is Sitting on $24 Trillion

Economics Explained

CHAPTER

Exploring GDP Components and Survival Strategies in Undeveloped Economies

Exploring the complexities of GDP measurement, this chapter uncovers what falls outside GDP figures, such as non-final goods and household industries. It also examines how individuals in developing economies like the DRC rely on self-sufficiency, while discussing purchasing power parity and the role of specialization in economic progress.

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