Yоu mаy type yоur аnswer оr hаndwrite and upload your work. 1. From the perspective of spending, explain the main components of real GDP and how it is calculated. 2. Provide three examples of purchases you made in the last 6 months that would not be included in the calculation and explain why they would not be included. 3. Does real GDP fully represent the economic activity in the US? Why or why not? Explain your answer. 4. Based on your answers to the previous questions, is the US more or less dependent on foreign production of goods? Explain why.
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