We use the value added approach in calculating GDP to
A) avoid double counting.
B) account for market price differences.
C) account for changes in population.
D) account for consumer income differences.
Correct Answer:
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Q59: For purposes of calculating GDP using the
Q60: The change in the United States from
Q61: GDP is
A)the sum of all monetary transactions
Q62: Suppose that our GDP fell from one
Q63: GDP measures
A)the market value of intermediate products
Q65: Under what conditions would real GDP increase
Q66: For time series data,what is unique about
Q67: Real GDP is
A)the final estimate of GDP
Q68: GDP is
A)national income after taxes.
B)the total value
Q69: The concept of "net domestic investment" refers
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