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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 37
Circle the letter that corresponds to the best answer. Which statement is true?
A) GDP tells us how much we produce as well as what we produce.
B) GDP tells us neither how much we produce nor what we produce.
C) GDP tells us what we produce.
D) GDP tells us how much we produce.
A) GDP tells us how much we produce as well as what we produce.
B) GDP tells us neither how much we produce nor what we produce.
C) GDP tells us what we produce.
D) GDP tells us how much we produce.
Explanation
Verified
Verified
It is calculated as:
GDP (Y) = C + I + G...
Macroeconomics 11th Edition by Stephen Slavin
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