Asked by
Alejandro Caballero
on Nov 16, 2024
Verified
U.S. GDP excludes the production of most illegal goods.
Illegal Goods
Products or services whose production, distribution, or consumption is prohibited by law.
- Determine the components that are incorporated and omitted in the calculation of Gross Domestic Product.
Verified Answer
MS
Learning Objectives
- Determine the components that are incorporated and omitted in the calculation of Gross Domestic Product.