GDP includes the value of paper clips but does not also count the value of the metal used to make them.

Name: GDP includes the value of paper clips but does not also count the value of the metal used to make them.
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Question

Quizplus · Accepted Answer

GDP includes the final goods and services produced within a country in a given period, such as paper clips, but avoids double counting by not including the value of intermediate goods like the metal used to make them.

GDP Includes the Value of Paper Clips but Does Not