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3 years ago

Gdp excludes most items that are produced and sold illegally and most items that are produced and consumed at home because

Business

1 answer:

nataly862011 [7]3 years ago

3 0

Answer:

Gdp excludes the most of items that are produced and sold illegally and also most of the items that are produced and consumed at home because the products which are illelegal are not sold under government policies and are not authorised.

Explanation:

GDP: It is been referred as the total value of all the goods and services which has been produced for the marketplace within one year's period and within our national borders.

Measurment of GDP:

It will record only the value of final output of goods no intermediate goods are included in it.
The output here is valued only at its market prices.
It measures the values of both tangible and intangible services.
It measures the values of goods which are produced within the geographic boundaries of country.

Where this GDP is countable:

It is countable only where the products are produced in economy and are being sold legally in the markets.

Excludes the products being sold illegally.

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Thepotemich [5.8K]

Answer :

2.5%

Step by Step Explanation:

Face value = $500

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3 years ago

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malfutka [58]

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3 years ago

ConsGrough, Inc. has increased its annual common dividend by 3% in each of the years that the company has existed. If you believ

Salsk061 [2.6K]

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3 years ago

How did the constitution differ from the articles of confederation? Match the correct document on the left to each of the featur

Bumek [7]

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<h2>Further Explanation</h2>

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