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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 16
Circle the letter that corresponds to the best answer. GDP may be found by _______.
A) adding together money spent on goods and services and incomes received by the factors of production
B) subtracting incomes received by the factors of production from the money spent on goods and services
C) subtracting the money spent on goods and services from the incomes received by the factors of production
D) adding the money spent on final goods and services
A) adding together money spent on goods and services and incomes received by the factors of production
B) subtracting incomes received by the factors of production from the money spent on goods and services
C) subtracting the money spent on goods and services from the incomes received by the factors of production
D) adding the money spent on final goods and services
Explanation
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Verified
It is calculated by three approaches: In...
Macroeconomics 11th Edition by Stephen Slavin
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