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    Essentials of Economics Study Set 6
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    Exam 12: GDP: Measuring Total Production and Income
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    A Car That Is Produced in 2013 Is Not Sold
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A Car That Is Produced in 2013 Is Not Sold

Question 101

Question 101

Multiple Choice

A car that is produced in 2013 is not sold until 2014.According to the definition of GDP,in which year's GDP should it be counted?


A) 2013.
B) 2014.
C) Both years.
D) 2013 real GDP; 2014 nominal GDP.

Correct Answer:

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