Which one of these items will not be a part of the current year’s GDP? a. Spending of the government for public infrastructure b. Spending of the government for transfer payments c. Spending of the government for defense d. Spending of the government for social services such as education and health services

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Q: explain three limitation in measuring the real gdp

A:

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Q: GDP

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Q: iv. Outline any Four limitations of GDP as a measure of the standard of living.

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Q: Explain THREE (3) limitations in measuring the real GDP.

A:

Q: Product Price Quantity Shovels $10 50 Books $20 100 Tomatoes. $1 1000 Pizzas $15 200 Suppose a small…

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A:

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A: People consumption is more than any other component of GDP.

Q: Which one of these items will not be a part of the current year's GDP? а. Spending of the government…

A: Transfer payments are not included in GDP.

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