Those are other words.
Those are precisely the other words.
We refer to the equation for GDP as the “national account identity”. It is definitional. IOW, if you exclude one of the components, you’re not calculating a “more accurate” GDP. You’re calculating something else that isn’t GDP.
Those are precisely the other words.
We refer to the equation for GDP as the “national account identity”. It is definitional. IOW, if you exclude one of the components, you’re not calculating a “more accurate” GDP. You’re calculating something else that isn’t GDP.
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