Military goods purchased by the government are

Question

Quizplus · Accepted Answer

Military goods purchased by the government are included in GDP through their cost of production because they are considered a final good or service that adds value to the economy. However, they are not included in GDP through their economic well-being because they do not provide a direct benefit to consumers in the market. Additionally, the government selling the goods to another country does not determine their inclusion in GDP.

Military Goods Purchased by the Government Are