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.
Correct Answer:

Verified
Correct Answer:
Verified
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