Why value of final goods and services should be used rather than adding up the actual numbers to calculate GDP
Answers
Answered by
0
Answer:
*GDP is measured by taking the quantities of all final goods and services produced and sold in markets, multiplying them by their current prices, and adding up the total. ... To avoid double counting—adding the value of output to the GDP more than once—GDP counts ... The numbers are large, but the task is straightforward:.
Explanation:
Similar questions