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What do final good and services refer to?

In: Economics [Edit categories]

Answer:

the purple redundancy of the financial hemorrhagic investment component.

First answer by ID1275284830. Last edit by ID1275284830. Question popularity: 2 [recommend question].

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What are final goods and services?
Only the goods and services that are not going to be sold again. For example, the price of bread is included in GDP, but not the price of flour and wheat.
Why are only final goods and services counted in the total production?
Because counting intermediate inputs into final goods would be a form of double-counting, increasing the GDP artificially.
What is the largest federal government purchase of final goods and services for?
Defense
Why some of final good and services are not included in GDP?
"they" leave certain key things out of the GDP in order to make it look better. like if a teacher drops your 2 worst grades in the class to help your average.it manipulates the GDP to make it look...
What is goods and service?
Goods are materialistic things that are made such as candles and shampoo. Services are things that are done for others such as maids or barbers.