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many goods and services are illegally sold or legally sold but not reported to the government. how would increased efforts to count those goods and services affect GDP data?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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many goods and services are illegally sold or legally sold but not reported to the government. how would increased efforts to count those goods and services affect GDP data?

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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