Is every product produced in the United States included in U.S. gross domestic product? Why or Why

Social Studies

1 answer:

Sergeeva-Olga [200]3 years ago

8 0

Answer:

No,not every product produced in the United states is included in U.S gross domestic product.

Explanation:

In the gross domestic product of The U.S, only final goods and services are included. If we talk about intermediate goods. These are those goods which are partly finished and they are used as input in the manufacturing of finished goods and services.

There are some goods and services which are produced only for personal use are excluded from GDP, because GDP includes only those goods which are traded in the market.

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