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Gross domestic product - Wikipedia, the free encyclopedia (2802 words) |
 | GDP measures only final goods and services, that is those goods and services that are consumed by their final user, and not used as an input into other goods. |
| GDP per capita is often used as an indicator of standard of living in an economy. |
| GDP is intended to be a measure of particular types of economic activity within a country. |
| ET 12/96: Measuring progress (1383 words) |
| GDP is the standard measure of the nation's total economic activity, and it is assumed to translate directly into well being. |
| GDP makes no distinction between the secure skilled worker in a high-paying job and the recently-laid-off worker who is holding down two jobs without benefits just to make ends meet. |
| GDP treats pollution as a double positive - it is counted as a gain when it is first created as a by-product of some other activity, and it is counted as a gain again when society pays to clean it up. |
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