Why do economists use market values when calculating GDP? What is the economic rationale for giving high-value

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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: 9780415568685

2nd Brief Edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Nov 11, 2024 06:01 AM

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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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Why do economists use market values when calculating GDP? What is the economic rationale for giving high-value

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Principles Of Macroeconomics

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