Which works are not considered while measuring GDP?
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Sales of used goods and sales from inventories of goods that were produced in previous years are excluded. Only goods that are produced and sold legally, in addition, are included within our GDP. When calculating GDP, transfer payments are excluded because nothing gets produced.
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Sales of used goods and sales from inventories of goods that were produced in previous years are excluded. Only goods that are produced and sold legally, in addition, are included within our GDP. ... When calculating GDP, transfer payments are excluded because nothing gets produced.
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