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The Reason Only Newly Produced Goods and Services Are Counted

Question 1

Multiple Choice

The reason only newly produced goods and services are counted in GDP is that ________.


A) it is very difficult to input a value to used goods
B) most expenditures on used goods and services take place outside the market
C) it does not help economists make better economic predictions because second-hand goods rarely have any residual value
D) it allows economists to avoid double counting the production of goods and services
E) none of the above

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