If GDP is the market value of all final goods and services, then why are wages included

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If GDP is the market value of all final goods and services, then why are wages included in GDP? Isn't it double counting to include both wages and product prices?

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Managing in a Global Economy Demystifying International Macroeconomics

ISBN: 978-1285055428

2nd edition

Authors: John E. Marthinsen

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Question Posted: Mar 09, 2016 06:43 AM

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If GDP is the market value of all final goods and services, then why are wages included

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GDP is the market value of all final goods and services produced per period T...View the full answer

Managing in a Global Economy Demystifying International Macroeconomics

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