Explain what double counting is and discuss why GDP is not equal to total sales.

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Dec 27, 2018 06:10 AM

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Explain what double counting is and discuss why GDP is not equal to total sales.

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Double counting occurs when intermediate goods are counted directly in c...View the full answer

Principles of Macroeconomics

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