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    Foundations of Economics
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    Exam 14: Gdp: a Measure of Total Production and Income
  5. Question
    The Circular Flow Shows That GDP Measures I
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The Circular Flow Shows That GDP Measures I

Question 167

Question 167

Multiple Choice

The circular flow shows that GDP measures i. total income.
Ii. total expenditures.
Iii. price changes.


A) i only
B) ii only
C) iii only
D) i and ii
E) i, ii, and iii

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