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5.1 Measuring the size of the economy: gross domestic product  (Page 15/29)

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  • Card 15 / 29:
    double counting

    a potential mistake to be avoided in measuring GDP, in which output is counted more than once as it travels through the stages of production

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Practice FlashCards 8 Key Terms 16

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Source:  OpenStax, Principles of macroeconomics for ap® courses. OpenStax CNX. Aug 24, 2015 Download for free at http://legacy.cnx.org/content/col11864/1.2
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