Measurement
Copyright (c) 2005 Pearson Addison-Wesley. All rights reserved. 2-2
Measuring GDP: The National
Income and Product Accounts
o What is GDP and How Do We Measure It?
– GDP: Value of Domestically Produced Output
– Commerce Department’s National Income and
Product Accounts (NIPA)
– Business, Consumer, and Government
Accounting
o The Equivalence of Three Methods
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