What would be the result if national income accountants were to include all market transactions that occurred in an economy during a year?

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Quizplus · Accepted Answer

Including all market transactions, including those not currently counted in GDP (such as black market transactions), would result in a sum substantially larger than the GDP. This is because GDP only measures the value of goods and services produced within a country's borders, using legally recorded transactions. Including illegal or unrecorded transactions would result in double-counting, as well as overstating the size of the economy.

What Would Be the Result If National Income Accountants Were