george37374
contestada

Give an example of a specific good or service that is currently NOT included in GDP but that should be counted in our GDP?
Also explain what would have to change in order for that good/service to be included in GDP?

Respuesta :

VincentLin

Answer:

1 : The value of intermediate goods sold during a period.

2 : The GDP calculation accounts for spending on both exports and imports. Thus, a country's GDP is the total of consumer spending (C) plus business investment (I) and government spending (G), plus net exports, which is total exports minus total imports (X – M).

Explanation:

1 : GDP does not include the value of intermediate goods.

2 : The four supply factors are natural resources, capital goods, human resources and technology and they have a direct effect on the value of good and services supplied. Economic growth measured by GDP means the increase of the growth rate of GDP, but what determines the increase of each component is very different.