Why only production of final goods and services be counted


Problem

1. If one seeks to measure output during a period, why should only production of final goods and services be counted? If all transactions counted toward GNP, how would this influence its usefulness as a measure of output and changes in the level of output?

2. How does MEW differ from GNP? Is it an improvement? Why?

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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International Economics: Why only production of final goods and services be counted
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