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Calculating the GDP using the (3) Methods: Production Method, Income Method and Expenditure Method
This Lesson covers: - The basic understanding of the GDP , GDE , GDI and the GNP. - Methods used to calculate the GDP with examples. - Understanding Basic prices, market prices and factor cost. - Difference between tax on products and tax on production. - Difference between subsidies on products and subsidies on production. - A brief on the ...
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