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A good resource thanks. "It measures the total value of all goods and services produced". But so then if I produce nothing but just sell something at profit w
by galaxyLogic 7y ago
A good resource thanks. "It measures the total value of all goods and services produced".
But so then if I produce nothing but just sell something at profit which I already have is that part of the GDP?
If the value of my stamps-collection increases and I sell it at considerable profit is that an increase in GDP?
- PeterisP 7y agoIn general, the added value would be part of the GDP - e.g. a retailer would be considered to contribute its revenue minus the wholesale cost of goods, rent, salaries, etc which was already counted as produced by its suppliers.