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Explain Why the Following Items Are Included in GDP

question 48

Essay

Explain why the following items are included in GDP:
(a) depreciation
(b) change in business inventories
(c) indirect taxes


Definitions:

Solid Surface

A firm and stable outer layer of a planetary body, such as Earth, that can support physical objects.

Radar Images

Images created using radio waves to map surfaces, contours, and features of objects, including weather patterns and geographical formations.

Heavily Cratered

Describes a surface, usually of a planet or moon, that has a large number of impact craters due to collisions with meteoroids, asteroids, or comets.

Little to No Atmosphere

Describes celestial bodies or locations that lack a significant atmospheric layer or have a very thin one.

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