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? (LO1)

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Principles Of Macroeconomics

ISBN: 9781264250356

8th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz

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Question Posted: Nov 12, 2024 04:00 AM

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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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