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Durable goods goods - PowerPoint PPT Presentation

Measuring National Output and National Income

Measuring National Output and National Income. Gross Domestic Product (GDP). Is the most important concept in macroeconomics, because it measure the total value of goods and services produced in the country. GDP is part of the national income and product accounts or national account.

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Durable goods goods - PowerPoint PPT Presentation

Measuring National Output and National Income