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GDP Handles Household Production by

Question 46

Multiple Choice

GDP handles household production by


A) including it in real GDP but not in nominal GDP because there are no prices paid for the work.
B) estimating a dollar value of the goods purchased to do housework.
C) ignoring it.
D) estimating a dollar value of the services provided.
E) including it in exactly the same way that all other production is included.

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