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QUESTION
This chapter discussed, in detail, the "how" of national income accounting. Yet clearly not "everything" is counted.
Yet clearly not "everything" is counted. In 2008/2009, the United States was in a recession, and reported GDP was shrinking.Knowing not everything is counted, do you think a recession could "look" worse than what it is, due to how GDP is calculated?Please, write your answer in 2 paragraphs.
