Answer the following questions about GDP: a. What is the definition of GDP? b. Why does GDP
Question:
a. What is the definition of GDP?
b. Why does GDP measure only the final value of goods and services?
c. Why does GDP measure only the value of goods and services produced within a country?
d. How does GDP treat the sales of used goods?
e. How does GDP treat sales of corporate stock from one stockholder to another?
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a GDP is the value of all final goods and services produced within a country during a given per...View the full answer
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