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Macroeconomics

How Do Economists Measure Economic Activity?

Updated on August 26, 2022 · By Ahmad Nasrudin Tag: Economic Activities, GDP, GNP

How Do Economists Measure Economic Activity

Economists measure economic activity using several approaches, namely income, expenditure, and output. All three will produce an equal number. How do all three approaches produce an equal number? Economists use circular flow diagrams (also known

Tag: Economic Activities, GDP, GNP

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