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GDP Figures Tend to Understate the Quantity of Goods and Services

Question 26

Multiple Choice

GDP figures tend to understate the quantity of goods and services available because:


A) exports are subtracted from GDP but imports are not added back in.
B) many items are counted twice or more in intermediate stages of production.
C) more women are entering the labour force.
D) the changes in quality of products are not included in GDP.

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