[Answer] How accurately do GDP portray the economy and why?

Answer: It went down

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How accurately do GDP portray the economy and why? In one year the dollar growth in imports is greater than the dollar growth in domestic consumption. Assuming nothing else has changed what happened to GDP >. It went down. Here is the most important economic data for Australia and Sweden. How accurately do GDP statistics portray the economy and why? Inaccurately because the scope of GDP measurements are subject to change . Consider the formula GDP=C+I+G (X-M). unveils the real growth in the economy . It can erode the value of bonds. It means that a unit of money tomorrow buys less than the same unit of money would buy today. This accounts for the rising cost of living. Increase in prices of goods and services that diminishes purchasing power of money. How Accurately Do Gdp Statistics Portray The Economy And Why ? Front. Reveal the answer to this question whenever you are ready. Just because they are official and numerical does not mean they are accurate . The term "domestic" in GDP unambiguously links to … Mon Mar 20 2017 · Answer. Gross domestic pro...

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