Why do economists use market values when calculating GDP? What is the economic rationale for giving high-value

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Why do economists use market values when calculating GDP? What is the economic rationale for giving high-value items more weight in GDP than low-value items?

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:34 AM

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Why do economists use market values when calculating GDP? What is the economic rationale for giving high-value

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Economists use market values when calculating GDP because this makes ...View the full answer

Principles of Economics

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