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    Macroeconomics Study Set 12
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    Exam 4: Gdp: Measuring Total Production, Income and Economic Growth
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    The Measure of Production That Values Output Using a Base
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The Measure of Production That Values Output Using a Base

Question 62

Question 62

Multiple Choice

The measure of production that values output using a base year is called:


A) value-added GDP.
B) nominal GDP.
C) real GDP.
D) underground GDP.

Correct Answer:

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