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A Value-Added Approach to Macroeconomics |
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| Authors: | Paddy Quick |
| Institution: | 1. St. Francis College, Brooklyn, New York, NY, USA |
| Abstract: | Focusing on the “value-added” approach to computing Gross National Product encourages students to see their role as a producers, rather than only as consumers. It also offers an alternative approach the distribution of income between labor and capital from that provided by marginal productivity theory. |
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