Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 23 - Part VIII - Measuring a Nation's Income - Problems and Applications - Page 503: 3

Answer

If GDP included goods that are resold, it would be counting output of that particular year, plus sales of goods produced in a previous year

Work Step by Step

It would recount, this would be exhaustive and unnecessary.
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