How does the problem of double counting arise in calculating GDP, and how is it corrected?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

Question Posted: Apr 21, 2015 09:41 AM

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How does the problem of double counting arise in calculating GDP, and how is it corrected?

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If we calculate GDP by adding up the total value of all goods and services produced during a calen...View the full answer

Principles of Economics

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