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A comment on Reinvigorating the most important battle in economics. Parent comment

Re:Reinvigorating the most important battle in economics by galaxyLogic on Sunday November 24, 2019 @03:45PM (#21623249)
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?

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Re:Reinvigorating the most important battle in economics by PeterisP on Sunday November 24, 2019 @03:55PM (#21623328)
In 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.
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