Why do economists include only final goods and services in, Ask an Expert

Economics

Why do economists include only final goods and services in measuring GDP for a particular year? Why don't they include the value of used goods, i.e. cars, furniture, etc., bought and sold? Define net exports. Explain how US exports and imports each affect domestic production. How are net exports determined? Explain how net exports might be a negative amount.

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Business Economics, Economics

Category:- Business Economics
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