The wearing out of plants and equipment is known as
A) Net domestic product.
B) Depreciation.
C) Inflation.
D) Chain-weighted adjustment.
Correct Answer:
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Q51: Q53: If real GDP in 2005 is $8,000 Q54: Assume nominal GDP is $10,000 billion in Q54: The alternative combinations of final goods and Q57: Net domestic product (NDP)is determined by Q57: If real GDP falls from one period Q58: 
A)Subtracting depreciation
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