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Suppose the Total Market Value of All Final Goods and Services

Question 49

Multiple Choice

Suppose the total market value of all final goods and services produced this year in economy X is $4 million.Of the $4 million worth of goods,$3 million is sold and $1 million is held in inventory.For this year,the GDP for economy X is


A) $4 million.
B) $3 million.
C) $1 million.
D) $7 million.
E) none of the above

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