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The Production of a Certain Good Involves 5 Stages

Question 3

Multiple Choice

The production of a certain good involves 5 stages. The value added after the first stage of production occurs is is $1.20. The sale price of the good is $2.50. What amount is used to measure GDP?


A) $0.025
B) $1.20
C) $1.30
D) $2.50

Correct Answer:

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