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    Principles of Economics Study Set 8
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    Exam 23: Measuring a Nations Income
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    If the US Government Reports That GDP in the Third Quarter Was
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If the US Government Reports That GDP in the Third Quarter Was

Question 225

Question 225

True/False

If the U.S. government reports that GDP in the third quarter was $16 trillion at an annual rate, then the amount of income and expenditure during quarter three was $4 trillion.

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