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To Calculate GDP It Is Necessary to

Question 94

Multiple Choice

To calculate GDP it is necessary to


A) add the total amounts of all the goods produced.
B) use the market price to place a dollar value on each good produced.
C) use production cost to place a dollar value on all goods produced.
D) use the average market price over the last five years to place a dollar value on all goods produced.
E) average the cost of producing a good with the price of the good to place a dollar value on all goods produced.

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