Adding up all transactions in the economy ________ "double counting" and thus produces ________ measure of GDP.
A) avoids,a proper
B) avoids,an improper
C) results in,a proper
D) results in,an improper
Correct Answer:
Verified
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Q31: In calculating GDP,"transfer payments" are
A)included because they
Q32: Table 2-1 Q34: By definition,when the economy is in equilibrium Q35: Suppose that steel produced this year is Q36: Which of the following is NOT an Q37: An intermediate good is Q38: Figure 2-1
A)always counted when measuring
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