Question: Critics argue that the NIPA are outdated and fail to account for intangibles in our new knowledge economy. For example, many firms create copyrighted materials

Critics argue that the NIPA are outdated and fail to account for “intangibles” in our new knowledge economy. For example, many firms create copyrighted materials (movies, books, etc.) that when completed are much more valuable than just the value of the marketplace inputs that went into their production. What might be some of the problems associated with trying to include these intangibles in the NIPA?

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