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What is GD PI?

Updated: 11/5/2022
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14y ago

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If the question refers to GDP(I), it is a measure of national output (Gross Domestic Product). There are basically three ways of measuring it - Output, Expenditure and Income - the last of which gives GDP(I). In theory, all three measures should agree but in practise they don't.

If the question did not refer to GDP(I), then apologies.

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