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Unformatted text preview: businesses buy. • GDP is the value of FINAL goods and services. • Used goods and financial assets are not a part of GDP • Used goods is not because they were part of GDP in the period in which they were produced and during which the time they were new good • Financial assets such as bonds and stocks are not GDP, they are loans, not buying good and services....
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This note was uploaded on 11/18/2010 for the course ACC 2002 taught by Professor Staff during the Spring '08 term at UChicago.
- Spring '08