Final goods and services used in calculation of gdp

Reference no: EM1373259

Question1. Explain why do economists include only final goods in measuring GDP for a particular year and why do not they include the value of stocks and bonds sold? Why do not they include thr vale of used furniture bought and sold?

Question2. What are the four supply factors of economics growth? Find the demand factor? hat is the efficiency factor? Please illustrate these factors in the terms of the production possibilities curve.

Reference no: EM1373259

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