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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 9
Circle the letter that corresponds to the best answer. Which of the following is counted in GDP?
A) household production
B) illegal production
C) leisure time
D) government spending
E) voluntary work
A) household production
B) illegal production
C) leisure time
D) government spending
E) voluntary work
Explanation
Verified
Verified
It is calculated as:
GDP (Y) = C + I + G...
Macroeconomics 11th Edition by Stephen Slavin
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