Explain what double counting is and discuss why GDP is not equal to total sales.
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Explain what double counting is and discuss why GDP is not equal to total sales.
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Double counting occurs when intermediate goods are counted directly in c...View the full answer
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Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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