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2 September, 08:12

Gdp excludes most nonmarket transactions. therefore, gdp tends to

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  1. 2 September, 09:12
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    It tends to underestimate the total production in the economy. The nonmarket transactions, such as when a person makes or does something for their own household's use without charging for it. Homemakers and other unpaid persons are also not covered in GDP figures.
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