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  3. Study Set
    Macroeconomics Study Set 43
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    Exam 7: A: Measuring the Economys Output
  5. Question
    What Is the Definition of GDP? How Would the Value
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What Is the Definition of GDP? How Would the Value

Question 2

Question 2

Essay

What is the definition of GDP? How would the value of output produced at a Canadian-owned factory in Canada and a foreign-owned factory in Canada be treated in GDP accounting?

Correct Answer:

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