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Conceptually, a Country's GDP Equals

Question 37

Multiple Choice

Conceptually, a country's GDP equals:


A) the sum of the value of its final output and the value of the intermediate goods used to produce that output.
B) the difference between the value of its final output and the value of the intermediate goods used to produce that output.
C) the sum of the value added at all stages of production.
D) the sum of the value of all the intermediate goods used to produce final output.

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