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xiaily xiaily
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Why are the values of inputs not included in the calculation of the GDP?
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Macroeconomics

Macroeconomics


Edition: 3rd
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ryan_navarro5ryan_navarro5
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The GDP of a country is the market value of the final goods and services produced in the country during a particular year. As the market value of final goods includes the value of raw materials, counting inputs separately would result in double counting.
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