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Gross Domestic Product Can Be Calculated

Question 55

Multiple Choice

Gross domestic product can be calculated


A) by adding up the personal consumption of all members of the society.
B) either by valuing the nation's output of goods and services or by valuing the income generated in the production process.
C) by adding up the income tax returns of all members of the society.
D) by adding up the value of all intermediate goods used in the economy.

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