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  3. Study Set
    Macroeconomics Australia Study Set 1
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    Exam 5: GDP: a Measure of Total Production and Income
  5. Question
    Nominal GDP Measures the Value of Goods and Services Produced
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Nominal GDP Measures the Value of Goods and Services Produced

Question 26

Question 26

Multiple Choice

Nominal GDP measures the value of goods and services produced in a given year, valued using


A) base-year prices.
B) constant prices.
C) future prices.
D) no prices.
E) prices of the same year.

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