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List and Explain the Two Different Approaches Used to Measure

question 26

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List and explain the two different approaches used to measure GDP.


Definitions:

Modern Moral Philosophy

A branch of philosophy that investigates questions of right and wrong, the virtues of actions, and the foundations of ethics in the context of contemporary societal norms and issues.

Anscombe

G.E.M. Anscombe was a 20th-century philosopher known for her work in philosophy of mind, moral philosophy, and the philosophy of action.

Ethical Life

Living in a manner that is consistent with one’s own moral principles and values, often involving considerations of fairness, integrity, and respect for others.

Aristotle

An ancient Greek philosopher and polymath, whose work spans various fields of philosophy and science, and is considered one of the greatest philosophers in history.

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