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Using Dollar Values to Calculate GDP Is Advantageous Because

Question 21

Multiple Choice

Using dollar values to calculate GDP is advantageous because


A) people can most easily understand dollar amounts
B) it employs a common unit of measurement for very different things
C) less valuable goods count the same as more valuable goods
D) other methods of calculating production are not as intuitively clear
E) money is a universal yardstick for measurement

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