What is the definition of gdp

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Reference no: EM131431009

Answer the following questions about GDP:

a. What is the definition of GDP?

b. Why does GDP measure only the final value of goods and services?

c. Why does GDP measure only the value of goods and services produced within a country?

d. How does GDP treat the sales of used goods?

e. How does GDP treat sales of corporate stock from one stockholder to another?

Reference no: EM131431009

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