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Chapter 2 -- Measuring Output and The Price Level

Chapter 2 -- Measuring Output and The Price Level. Data complied at the National Income and Product Accounts (NIPA). Measuring Output -- Gross Domestic Product (GDP). Gross Domestic Product -- The total market value of all currently produced final goods and services over a period of time.

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Operative equation - PowerPoint PPT Presentation

Chapter 2 -- Measuring Output and The Price Level