1. Why do economists use market values when calculating GDP? What is the economic rationale for giving...

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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? LO 2.1 EASY

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PRINCIPLES OF MACROECONOMICS

ISBN: 9781684512249

5th Edition

Authors: Ben Bernanke Et Al

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Question Posted: Nov 11, 2024 12:00 PM

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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? LO 2.1 EASY
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1. Why do economists use market values when calculating GDP? What is the economic rationale for giving...

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PRINCIPLES OF MACROECONOMICS

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