Josuem806 Josuem806
  • 14-02-2021
  • Mathematics
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Why do economists use market values when calculating GDP?

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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:

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