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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 39
Explain the difference between an intermediate good and an investment good. Why don't economists include the sale of intermediate goods and services in the calculation of GDP?
Explanation
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Gross domestic product (GDP):
GDP refer...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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