sold to manufacture a higher assembly until the final product is realized and sold. This may countproducts several times over what they should be counted, which is only once. b)Because a good can only be counted toward the GDP once and only if the product is a new manufacture or if a quantifiable upgrade has been made and then only the upgrade will be counted toward the GDP
Question 3What are the three main types of consumption expenditures? Why are purchases of new houses considered to be investment expenditures rather than consumption expenditures?
Question 6Which of the following are included in this year’s GDP? Explain your answer in each case.a. The services of a commercial painter in painting the family home. No this would not count toward