Josuem806 Josuem806
  • 14-02-2021
  • Mathematics
contestada

Why do economists use market values when calculating GDP?

Respuesta :

Laykenedenfield
Laykenedenfield Laykenedenfield
  • 14-02-2021

Answer:

Economists use market values when calculating GDP, because if they used quantity terms, they would have multiple units of measurement. Whereas, when they use market values, they have one unit of measurement for all products and services.

Step-by-step explanation:

Answer Link

Otras preguntas

Which of the following best describes cognitive processes?
What is the difference between long-wave and short wave radiation?
John C. Calhoun was considered to be the voice of the south. True or False
where soviets would view this as a symbol of productive workers during the cold war, americans might view this symbol as one of
what happens when Ag+ is reacted with Na2CO3
what area the factors of 636
Choose the correct classification of 2x + 10x2 − x3 by number of terms and by degree. Third degree trinomial Fourth degree trinomial Sixth degree polynomial Fir
PLEASE HELP!! THX Image point B'(4, -8) was transformed using the translation (x - 2, y + 3). What were the coordinates of B?
which part of speech is the underlined word? my sister can run extremely fast. a. preposition b. adverb c. adjective d. noun
what is the linking verb in the sentence, Lincoln was assassinated while in a theater.