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Gross Domestic Product Adds Together Many Different Kinds of Goods

Question 119

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Gross domestic product adds together many different kinds of goods and services into a single measure of the value of economic activity.To do this,GDP makes use of


A) market prices.
B) prices that government economists believe reflect the true value of goods and services to society.
C) the assumption that quantities of goods and services produced are unchanged from year to year.
D) the assumption that prices of goods and services are unchanged from year to year.

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