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Illustrate what are the four supply factors of economics

Assignment Help Macroeconomics
Reference no: EM1333794

GDP calcuation and final goods and services

Please explain in detail the listed questions to give me a full understanding.

1. Why do economists include only the final goods in measuring GDP for a particular year? Why dont they include the value of stocks and bonds sold? Why dont they include thr vale of used furniture bought and sold?

2. What are the four supply factors of economics growth? What is the demand factor? What is the efficiency factor? Please illustrate these factors in the terms of the production possibilities curve.

 

Reference no: EM1333794

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