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Macroeconomics

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What is the Purpose of Gross Domestic Product (GDP)?

MACRO-Q83PZA

Fill in the blanks in the paragraph below:

Economists are interested in measuring changes in

as it best captures changes in the overall

of an economy. In order to measure output economists use

which represents the value of production and is calculated by

the dollar value of all final goods and services produced in a particular time period.