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    Macroeconomics Study Set 17
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    Exam 8: GDP: Measuring Total Production and Income
  5. Question
    Why Do We Not Count the Value of Intermediate Goods
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Why Do We Not Count the Value of Intermediate Goods

Question 161

Question 161

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Why do we not count the value of intermediate goods and services in gross domestic product? Does the value of intermediate goods and services show up in gross domestic product? If so,how?

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We would double count if we co...

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