We measure gross domestic product by multiplying the quantities of goods by their prices because it allows us to

Question

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Multiplying the quantities of goods by their prices allows us to express the values of different products in a common unit of measurement, which is the currency. This makes it possible to add up the values of all goods and services produced in an economy to obtain the gross domestic product (GDP).

We Measure Gross Domestic Product by Multiplying the Quantities of Goods