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Explain Gross Domestic Product (GDP) and the four key parts of GDP in detail? Differentiate between final good/service and intermediate good/service. For a Salmon bought
- Explain Gross Domestic Product (GDP) and the four key parts of GDP in detail?
- Differentiate between final good/service and intermediate good/service.
- For a Salmon bought by a Japanese restaurant to serve good sushi, will it be considered a final or intermediate good? Why?
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
6th Canadian Edition
321675606, 978-0321675606
