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Explain Why Each of the Following Items Is Excluded from GDP

Question 36

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Explain why each of the following items is excluded from GDP: (a) profits from the stock and bond market (b) transfer payments (c) sale of used goods (d) goods and services produced in the home.Explain why the following items are included in GDP: (a) depreciation (b) change in business inventories( c) indirect taxes

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Profits from the sale of stocks and bond...

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