In the process of calculating the production of the economy of the United States, which of the following must be taken into account?
A) The fact that some of the goods that people buy are shipped to the United States from abroad
B) The fact that some of the goods produced in the economy are shipped to other countries
C) The fact that some goods are used as inputs into the production of other goods, like hamburgers
D) All of the above
E) Only a and b
Correct Answer:
Verified
Q1: Exhibit 18-1 Q3: Simon Kuznets won a Nobel Prize in Q4: When computing U.S. GDP, a good or Q5: Where are the goods and services included Q6: What was the approximate level of GDP Q7: GDP is Q8: The numbers one finds when one measures Q9: GDP is a measure of Q10: GDP can be calculated by adding the Q11: Holly has recently graduated from college and
A)a measure of the value of
A)the total of
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