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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 27
An economy produces final goods and services with a market value of $5,000 billion in a given year, but only $4,500 billion worth of goods and services is sold to domestic or foreign buyers. Is this nation's GDP $5,000 billion or $4,500 billion? Explain your answer.
Explanation
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If a country produces final goods and se...
Economics for Today 9th Edition by Irvin Tucker
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