GDP is reported in dollars, not value. You cannot add the value (determined solely by individuals) of chickens, iPhones, and Mercedes and arrive at a meaningful amount.
Insightful content. What about the second hand car that customer buy from 1) market 2) peer group? Do value of these second hand saleable equipments automobile take into account? Please put some light on this ......
Teach econ? Get our FREE "GDP: A Measure of Economic Health" Unit Plan: mru.io/ma9
GDP is reported in dollars, not value. You cannot add the value (determined solely by individuals) of chickens, iPhones, and Mercedes and arrive at a meaningful amount.
Does that include real estate? Honest question please answer.
Insightful content.
What about the second hand car that customer buy from 1) market 2) peer group? Do value of these second hand saleable equipments automobile take into account? Please put some light on this ......
They’re not a part of gdp
They are not calculated as a part of GDP
Which store exactly sells 14 trillion dollars of goods.
Walmart