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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Macroeconomics

ISBN: 9781264112456

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Mar 01, 2024 08:02 AM

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How do free products make the calculation of GDP more difficult? What are hedonic adjustments and why

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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

Macroeconomics

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