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18 August, 10:24

What happens if we measure gdp by adding up the value of every good and service produced in the​ economy?

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  1. 18 August, 13:03
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    It will be a mistake as there are good and services which are intermediate or used in the process to produce another products therefore, there will be som wich are count twice or more.

    The correct way to calcualte the Gross Domestic Product will be to measurethe finishing goods and services purchased to avoid this problem with intermediate goods.
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