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List three limitations of using GDP as a measure of the nation's economy?
Wiki User
∙ 12y ago
non-market activities. underground activities. quality of life.
Wiki User
∙ 12y ago
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What are three limitations of using GDP as a measure of the nations economy?
GDP only counts goods and services that pass through markets. The GDP fails to measure or express changes in a nation's income distribution, quality of life, unpaid labor, intangible valuables, real savings, standard of living, uneven inflationary price changes, and transactions on the blackmarket.
What are three limitations of bartering?
The three limitations of bartering are desirability, transferability and divisibility.
What are the three kinds of economic systems?
Market economy,traditional economy,command economy and mixed economy
What are three main economic systems?
market economy planed economy mixed economy
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
What are three limitations of using GDP as a measure of the nations economy?
GDP only counts goods and services that pass through markets. The GDP fails to measure or express changes in a nation's income distribution, quality of life, unpaid labor, intangible valuables, real savings, standard of living, uneven inflationary price changes, and transactions on the blackmarket.
What are three limitations of bartering?
The three limitations of bartering are desirability, transferability and divisibility.
What are the three limitations?
The,and,an,& a
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What are three main economic systems?
market economy planed economy mixed economy
What are three main types of economics?
The three main types of economics are traditional economy, command economy (AKA planed or directed economy)& free enterprise economy (AKA private capitalism or the market economy)
