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Consider the Following Data, Which Shows the Quantities and Prices

Question 121

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Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the next three questions:
Consider the following data, which shows the quantities and prices of two goods produced in the economy, to answer the next three questions:    -To determine a value for GDP,you would: A)  add up the quantities of the final goods and services produced. B)  add up the dollar value of the final goods and services produced. C)  add up the dollar value of the final goods and services produced minus the dollar value of the intermediate goods and services produced. D)  add up the dollar value of all goods and services produced. E)  add up the quantities of all goods and services produced.
-To determine a value for GDP,you would:


A) add up the quantities of the final goods and services produced.
B) add up the dollar value of the final goods and services produced.
C) add up the dollar value of the final goods and services produced minus the dollar value of the intermediate goods and services produced.
D) add up the dollar value of all goods and services produced.
E) add up the quantities of all goods and services produced.

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