Is the appreciation and depreciation of used goods useful to economists?

Economics Dec 15, 2020

Expert Solution

Appreciation and depreciation of used goods can be useful to economists in various ways. They help an economist to find the present value of assets. They are used in various analysis and studies by economists. Depreciation is included while calculating the GDP of a country and the national income. The value of land may appreciate or depreciate over time and economists use these fluctuations in the value of land to find its actual market value which can be used to resale the land.

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