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    Exam 7: Gdp and Cpi: Tracking the Macroeconomy
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    The Total Value of All Final Goods and Services Produced
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The Total Value of All Final Goods and Services Produced

Question 161

Question 161

True/False

The total value of all final goods and services produced in the economy in a given year, calculated with the prices current in the year in which the output is produced, is nominal GDP.

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