Explain the term GDP. Why are only 'final goods and services' counted in GDP?
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All the final goods and services produce in all three sectors is called gross domestic products. Final goods and services are counted in GDP because final goods and services can't produce with out passing through these three sectors.
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Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
All the final goods and services produce in all three sectors is called gross domestic products. Final goods and services are counted in GDP because final goods and services can't produce with out passing through these three sectors.
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