Explain Why It Is Reasonable to Count Not Just Goods

question 65

Essay

Explain why it is reasonable to count not just goods but also services as part of gross domestic product (GDP).

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Definitions:

Morning Care

The routine personal care activities carried out after waking up in the morning, such as washing, toileting, and dressing, to promote hygiene and preparedness for the day.

Back Massage

A therapeutic technique involving manipulation of the muscles in the back to relieve tension or pain.

Lumbar Laminectomy

A surgical procedure to relieve pressure on the spinal cord or nerves in the lower back by removing the lamina portion of a vertebra.

Rib Fractures

Breaks or cracks in one or more of the rib bones, often caused by trauma such as falls, vehicle accidents, or sports injuries.