Question: 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?

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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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? (LO1)

1. 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? (LO1)

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