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Author Question: To calculate GDP using the value-added method, one would add up A) the market value of ... (Read 21 times)

drink

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on: Jun 29, 2018
To calculate GDP using the value-added method, one would add up
 
  A) the market value of intermediate goods and services produced during a particular period.
  B) the value added by each firm involved in the production of final goods and services.
  C) the market value of final goods and services produced during a particular period.
  D) only the value added by the underground economy.

Question 2

Refer to Figure 18-1. Europe experiences an economic boom. Assuming all else remains constant, this would be represented as a movement from
 
  A) C to B. B) D to A. C) D to C. D) B to A.


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mcarey591

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


drink

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

peter

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Reply 3 on: Yesterday
:D TYSM

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