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  • Macroeconomics Chapter 2

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    Ricky
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    The document discusses unreported economic activity and the difficulties in measuring it accurately. While counting all economic activity could provide a more complete picture of wealth, relying too heavily on estimates that include unreported work may also have downsides, such as overstating additions to the national wealth. Surveys may miss some workers who do not report their employment status.

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    Stephen D. Williamson, Macroeconomics, 4th Canadian edition, 2013

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    The document discusses unreported economic activity and the difficulties in measuring it accurately. While counting all economic activity could provide a more complete picture of wealth, relying too heavily on estimates that include unreported work may also have downsides, such as overstating additions to the national wealth. Surveys may miss some workers who do not report their employment status.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    42 views31 pages

    Macroeconomics Chapter 2

    Uploaded by

    Ricky
    The document discusses unreported economic activity and the difficulties in measuring it accurately. While counting all economic activity could provide a more complete picture of wealth, relying too heavily on estimates that include unreported work may also have downsides, such as overstating additions to the national wealth. Surveys may miss some workers who do not report their employment status.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 31

    any unreported economic activity.

    merit, there are drawbacks. First,

    additions to thenational wealth

    household survey, those who were not

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