1. Bell Task: Distinguish between the following:
GDP
GNP (GNI)
Why is it important to measure GDP?
Why might we want to use GDP instead of GNP?
List your guess of top 10 GDP/capita countries.
Why would you expect an LDC to have GDP>GNP?
2. Measuring National Income
3. The Business Cycle
4. HW: Read thru 179
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