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MyEconLab (macro µ econ)
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7
August 2023
2023/2024
A+
Why in microeconomics can we measure production in terms of quantity, but in macroeconomics we measure production in terms of market value? - If in macroeconomics, we measured production using quantities, we would add tons of wheat grown by US farmers to the number of iPods produced by Apple, etc
when we measure total production, we can't just add together the quantities of every good and service because the result would be meaningless
measuring production using market value in dollar ter...
otebamanyuru
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