PrisonKing366 PrisonKing366
  • 02-11-2017
  • Business
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Gdp excludes most nonmarket transactions. therefore, gdp tends to

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W0lf93
W0lf93 W0lf93
  • 14-11-2017
It tends to underestimate the total production in the economy. The nonmarket transactions, such as when a person makes or does something for their own household's use without charging for it. Homemakers and other unpaid persons are also not covered in GDP figures.
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