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Suppose the Total Market Value of All Final Goods and Services

Question 37

Multiple Choice

Suppose the total market value of all final goods and services produced in economy X this year is $4 million.Of the $4 million worth of goods and services,$3 million is sold and $1 million is held in inventory.For this year,the GDP for economy X is


A) $4 million.
B) $3 million.
C) $1 million.
D) $7 million.
E) none of the above

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