What are the steps of calculating total output product (TP)?
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It is normally measured by GDP. produced and sold within a country in a given period of time (usually one year). It is a measure of total output (= total income = total expenditures). Price level (P) = the price level is an overall indicator of prices for goods and services in a domestic economy.
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⬇️ ⬇️
it is normally has the steps of calculating total output product for lower than the market price..❤️
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