We always hear about individual (and contractors) working "under the table", does this income really just disappear from the national income discussion? Explain fully.
120) Explain the two methods of determining national income. What is generally done when they are not precisely equal to one another in practice?
121) Describe in detail the "other" components of GDP and National Income Accounting.
122) Explain what we mean by True Purchasing Power Parity. Once complete, explain the notion using an example of your own.
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