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Bartering may be more prominent than the use of money, even extending to services (I helped you build your house ten years ago, so now you help me).
- Cross border trade within companies distorts the GDP and is done frequently to escape high taxation.
- Individuals do not keep correct account of their consumption...
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These include:
- to determine the extent of economic growth
- to measure changes in living standards over time
- to make comparisons of economic performance and living standards between countries
- to examine and judge the performance of different sectors of the economy
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