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    Foundations of Macroeconomics Study Set 2
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    Exam 5: GDP: a Measure of Total Production and Income
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    Real GDP Measures the Value of Goods and Services Produced
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Real GDP Measures the Value of Goods and Services Produced

Question 49

Question 49

Multiple Choice

Real GDP measures the value of goods and services produced in a given year using


A) prices of that same year.
B) base year prices.
C) government approved prices.
D) no prices.
E) future prices.

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