Net consumption

Daniel Davies dsquared at al-islam.com
Tue Apr 30 03:41:54 PDT 2002


Doug wrote:


>Huh? Net consumption? Then why do they call it *gross* domestic
>*product*?

In fairness to Paula's correspondent, he might have been groping for the concept of "final consumption" here ie, net of consumption of intermediate goods. But the context does not suggest that the benefit of doubt is appropriate here.

dd

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