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International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
Edition 10ISBN: 978-0133423648International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
Edition 10ISBN: 978-0133423648 Exercise 1
We stated in this chapter that GNP accounts avoid double counting by including only the value of final goods and services sold on the market. Should the measure of imports used in the GNP accounts therefore be defined to include only imports of final goods and services from abroad? What about exports?
Explanation
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Double counting refers to the inclusion ...
International Economics 10th Edition by Paul Krugman,Maurice Obstfeld ,Marc Melitz
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