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    Macroeconomics Study Set 17
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    Exam 8: GDP: Measuring Total Production and Income
  5. Question
    The Circular Flow of Income Shows That GDP Can Be
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The Circular Flow of Income Shows That GDP Can Be

Question 20

Question 20

True/False

The circular flow of income shows that GDP can be measured as the sum of wages,interest,rent,and profits received by households or total expenditures on goods and services by households,firms,government,and the rest of the world.

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