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GDP - Gross domestic product - output produced inside borders of nation regardless of the nationality of company owners P real GDP growth - expressed...
GDP - Gross domestic product - output produced inside borders of nation regardless of the nationality of company owners P real GDP growth - expressed in constant dollars of some base year to remove the effects of inflation P Improves material standard of living ? Reduced leisure, debased and depleted environment P Can growth be environmentally friendly? Is growth sustainable? P Ecological economists say no! What about money? If money flows fall?