Gross Domestic Product Can Be Calculated

question 284

Multiple Choice

Gross domestic product can be calculated

• A) by adding up the personal consumption of all members of the society.
• B) either by valuing the nation's output of goods and services or by valuing the income generated in the production process.
• C) by adding up the income tax returns of all members of the society.
• D) by adding up the value of all intermediate goods used in the economy.

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Definitions:

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