Exam (elaborations)
MacroEconomics: Chapter 5 Questions & Answers 100% Correct!
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What is included in GDP and what is not included in GDP - ANSWER-Included= Final Goods (Car), Inventory(Has been produced but not sold yet), Rent(service that is bought), Stock brooking (form of income). Not included= intermediate goods(tires), purely financial transactions (buying and selling s...
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