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What have been some justifications given for the historical exclusion of household production from the national accounts?
Some reasons have included:
a. households are not producing economic goods;
b. it's too difficult to differentiate household production from consumption;
c. GDP measures just market production; d; containing household production would make too big of a alter in the accounts.
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Q. What is Corporation? A corporation is a form of business established as an independent legal entity, separate from individuals who own it. A main benefit, for owners, of thi
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