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Marizza181 [45]
3 years ago
5

Three equivalent ways to measure gdp are total _____, total _____, and total ______.

Business
2 answers:
viva [34]3 years ago
5 0
Three equivalent ways to measure GDP are total production, total income, and total expenditure.
larisa86 [58]3 years ago
5 0
Yeah it is production, income & expenditure
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From the question, We are informed about Miles who graduated from college and his his income increases by ​$ 35000 a year. Nothing else changes. Miles Miles decreases the quantity of hot dogs and pretzels that he buys and increases the quantity of gourmet ice cream that he he buys. For Miles, hot dogs and pretzels are inferior goods. In economics, inferior good can be regarded as goods that have a fall in demand whenever there is increase in consumer income, i.e increase in consumer income will bring decrease to such goods, which is opposite to normal goods.

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