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Author Question: GDP measures the total income of everyone and the total spending by everyone in the economy. (Read 116 times)

javeds

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Question 1

Which prices are used to measure goods and services in calculating GDP?


◦ past year prices
◦ current prices
◦ average prices
◦ projected prices

Question 2

GDP measures the total income of everyone and the total spending by everyone in the economy.


◦ true
◦ false


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Marked as best answer by javeds on Apr 19, 2019

mceravolo

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mceravolo

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