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MB 101:ECONOMIC INDICATORS Last document update:   ago

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MB 101_Bloomberg Answers 2020 - Economic Indicators | MB101_Bloomberg Answers - Economic Indicators/ Already Graded A. Last document update:   ago

Bloomberg Answers Economic Indicators The Primacy of GDP (30 min.) Knowledge Check 1 How accurately do GDP statistics portray the economy and why?  Inaccurately because the scope of GDP measurements can change. Knowledge Check 2 Consider the formula GDP = C I (X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. In one year, the dollar growth in imports is greater than the dollar growth in domestic consumption. Assuming nothing else has changed, what happe...