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April 16, 2014

Homework Help: Economcis

Posted by Connor on Monday, October 8, 2012 at 5:13pm.

Is GDP calculated by the price of the good with the indirect tax or the price of the good before the indirect tax?

For example, if an economy only produces a single $10 good and it is taxed 10%, is GDP $10 or 11$?

Thanks!!!

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