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In Calculating GDP,economists Use the Value of Final Goods and Services

Question 2

Multiple Choice

In calculating GDP,economists use the value of final goods and services because


A) by using final goods and services, they avoid double counting.
B) final goods can be exported to other countries.
C) intermediate goods are imported from other countries.
D) GDP is underestimated if intermediate goods are used instead.
E) none of the above.

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