Explain why some final goods and services are not included

Reference no: EM13199200

1. Under what conditions might government intervention in a market economy improve the economy's performance?

2. Explain how an attempt by the government to lower inflation could cause unemployment to increase in the short-run.

3. GDP is defined as the market value of all final goods and services produced within a country in a given period of time. In spite of this definition, some production is left out of GDP. Explain why some final goods and services are not included.

Reference no: EM13199200

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