In what ways do NDP and national income pro vide more specific information about an econo my's performance than does GDP?
Answer to relevant QuestionsWhat are some of the limitations in using GDP as a measuring rod of our economic well-being? What is the MPC? The MPS? What is the relationship between them? What factors determine autonomous investment? Calculate the 2010 and 2011 MPCs for each of the countries. Describe how the income multiplier works.
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