How do free products make the calculation of GDP more difficult? What are hedonic adjustments and why
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How do “free” products make the calculation of GDP more difficult? What are hedonic adjustments and why are they necessary? Will inflation tend to be overstated or understated if quality improvements are not accounted for?
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Free products can make the calculation of Gross Domestic Product GDP more difficult because GDP is t...View the full answer
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Related Book For
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
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