Question: A student remarks, It doesn't make sense that intermediate goods are not counted in GDP. A computer chip is an intermediate good, and without it,
A student remarks, "It doesn't make sense that intermediate goods are not counted in GDP. A computer chip is an intermediate good, and without it, a laptop won't work. So, why don't we count the computer chip in GDP?" Provide an answer to the student's question.
Step by Step Solution
★★★★★
3.29 Rating (164 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
The value of intermediate goods and services though ... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)
1347-B-A-A-M-E(860).docx
120 KBs Word File
