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What does Gross Domestic Product (GDP) measure?

  • What does Gross Domestic Product (GDP) measure?
  • What is the equation used to calculate Gross Domestic Product (GDP)?
  • In two or more sentences describe the difference between Real Gross Domestic Product (GDP) and Nominal Gross Domestic Product?
  • Identify at least three (3) factors that are omitted from our country Gross Domestic Product (GDP)?
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