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’s goals, and on the underlying theory. Using simple examples, this article shows how the aggregation problem complicates tasks …
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’s goals, and on underlying theory. Using simple examples, this article shows how the aggregation problem complicates tasks …
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this association - known as Kleiber's law - has received deep theoretical foundation by network theory and has been …
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A utilitarian measure of economic growth combines changes in the distribution of income with changes in real income per person to show how much better off people are becoming over time. It is the rate of growth of the dollar value of average utility of income. As such , it is seen differently by...
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In this chapter, we review the concept of national income and the economic theory of national income accounting. There …-order approximations as an income measure. After reviewing this body of theory and the connections between the concepts, we suggest …
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