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Under the Onís-Adams Treaty of 1819 (also called the Transcontinental Treaty and ratified in 1821) the United States and Spain defined the western limits of the Louisiana Purchase and Spain surrendered its claims to the Pacific Northwest. In return, the United States recognized Spanish sovereignty over Texas.
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Answer:
No, the value of intermediate goods is not included in GDP because that value is already included in the value of the final goods.
In other words, GDP is a measure that includes only the value of final goods and services produced in a given region, within a given period of time.
In this case, the value of the cotton is already added to the value of the new shirt, therefore, only the value of the shirt is included in GDP.
Answer:
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