The Economics of European Integration (Baldwin & Wyplosz)
Summary of 'The Economics of European Integration' by Baldwin and Wyplosz. Chapters of the summary do not correspond to chapters in the book. Chapter 1 to 6 corresponds to chapter 13 to 18 of the book. At the bottom an attachment with tables and figures is linked as pdf
Chapter 1: Essential Macroeconomic Tools
Preliminaries: output and prices
It is the most commonly used measure of economic activity; Gross Domestic Product (GDP). It is often called output, as
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