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Compaing the United States today with the United States 200 years ago, what has happened to our production of market goods and services? What has happened to our production of goods and services outside the market, such as the provision of care within families? How would our measure of GDP for 1815 change if we included non-market activities? How would our measurements of GDP in 2015 change? How would our measure of growth over the past 200 years change if we counted non-market care labor?

 

 

Macroeconomics, Economics

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