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Suppose That in 2018, the Total Value of All Final

Question 120

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Suppose that in 2018, the total value of all final services produced in a nation was $300 billion; the total value of all final goods produced in that nation was $400 billion; and the total value of all final goods and services produced by that nation's firms in other countries was $300 billion. Gross domestic product (GDP) was


A) $700 billion.
B) $500 billion.
C) $900 billion.
D) $800 billion.

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