a steel producer sells steel to the car producer. the steel is going to be used...
a steel producer sells steel to the car producer. the steel is going to be used in production of cars. do you count this transaction (value of the steel traded) in the GDP? explain why
Homework Answers
No, this transaction will not be included in GDP. Steel is an intermediate good here and its value will be included in worth of car. Worth of car will be included. To avoid double counting intermediate goods are not included.
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a steel producer sells steel to the car producer. the steel is
going to be used...
If ACA (Japan electronics producer) produces dryers in the U.S., this production is counted in the...
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