Explain the 4-broad categories of gdp using consumption, Ask an Expert

Economics

1. Explain the four broad categories of GDP using consumption approach. Give explained account of each component.

2. Describe the difference between GDP and GNP. What adjustments requires to be made to GDP to arrive at GNP?

3. Determine the "Natural Rate of Unemployment" ?

4. Why do some economies grow faster than others?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9308663

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