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octbash | 6 years ago
E.g. in your example, see the Value-added approach: https://quickonomics.com/gross-domestic-product-gdp/
octbash | 6 years ago
E.g. in your example, see the Value-added approach: https://quickonomics.com/gross-domestic-product-gdp/
galaxyLogic|6 years ago
But so then if I produce nothing but just sell something at profit which I already have is that part of the GDP?
If the value of my stamps-collection increases and I sell it at considerable profit is that an increase in GDP?
PeterisP|6 years ago