Why are goods and services counted in GDP at market value? Are there any disadvantages or problems

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Why are goods and services counted in GDP at market value? Are there any disadvantages or problems in using market values to measure production?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:44 AM

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Why are goods and services counted in GDP at market value? Are there any disadvantages or problems

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Goods are measured at market value in GDP accounting so that different types of ...View the full answer

Macroeconomics

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