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It is closest to value added something most companies do not disclose but is closely related to profit but is NOTHING like revenue.
by graemep 1y ago
It is closest to value added something most companies do not disclose but is closely related to profit but is NOTHING like revenue.
- adgjlsfhk1 1y agono, if you trade a dollar back and forth 1000 times with a friend, you are adding $1000 to the GDP.
- graemep 1y agoIf you pay someone a dollar, that is because they supplied you with something worth a dollar - i.e. a dollar's worth of value added to the economy.
- adgjlsfhk1 1y agoright, but if an item goes through 10 different factories to be assembled the price each pays from the previous gets added to GDP.