Why Are Only Final Goods and Services Included in Measuring

question 133

Essay

Why are only final goods and services included in measuring GDP? Give examples to complete your answer.

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Definitions:

Melting Point

The temperature at which a substance changes from a solid to a liquid at atmospheric pressure.

Linoleic Acid

An essential polyunsaturated fatty acid found in many vegetable oils, important for the structure and function of cellular membranes.

Polyunsaturated

Describes organic compounds, typically fats, that have more than one double bond in their hydrocarbon chains, offering a variety of health benefits.

Saturated Fatty Acid

A type of fatty acid with no double bonds between carbon atoms, leading to a fully "saturated" molecule with hydrogen.