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Consider the Following Data, Which Shows the Quantities and Prices

Question 27

Multiple Choice

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 avoid double-counting when calculating GDP,it is best to: A)  count the value of goods and services produced at every stage of production. B)  count the value added at each stage of production. C)  count used goods. D)  count stocks and bonds. E)  count all goods and services purchased by consumers, firms, and the government.
-To avoid double-counting when calculating GDP,it is best to:


A) count the value of goods and services produced at every stage of production.
B) count the value added at each stage of production.
C) count used goods.
D) count stocks and bonds.
E) count all goods and services purchased by consumers, firms, and the government.

Correct Answer:

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