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Why Do We Not Count the Value of Intermediate Goods

question 161

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Why do we not count the value of intermediate goods and services in gross domestic product? Does the value of intermediate goods and services show up in gross domestic product? If so,how?


Definitions:

Limbic System

A complex system of nerves and networks in the brain, involved in emotions and drives, as well as forming memories.

Chromosomes

Long strands of DNA housed in the nucleus of a cell, which carry genes and function in the transmission of genetic information.

Ribosomes

Cellular structures responsible for protein synthesis in living organisms.

Nucleotides

Organic molecules that serve as the building blocks of nucleic acids, like DNA and RNA, each composed of a base, a sugar, and a phosphate group.

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