Why does gdp measure only final value of goods and services


Problem

Answer the following questions about GDP:

a. What is the definition of GDP?

b. Why does GDP measure only the final value of goods and services?

c. Why does GDP measure only the value of goods and services produced within a country?

d. How does GDP treat the sales of used goods?

e. How does GDP treat sales of corporate stock from one stockholder to another?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why does gdp measure only final value of goods and services
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