Question
Why do economists include only final goods and services in measuring GDP for a particular year and not intermediate goods? Explain with an example. Why
Why do economists include only final goods and services in measuring GDP for a particular year and not intermediate goods? Explain with an example. Why don't they include the value of the stocks and bonds bought and sold and the value of used furniture and used cars bought and sold?
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Using Excel For Principles Of Econometrics
Authors: R Carter Hill, Genevieve Briand
4th Edition
1118032101, 9781118032107
