Conceptually, a Country's GDP Equals

question 37

Multiple Choice

Conceptually, a country's GDP equals:

• A)the sum of the value of its final output and the value of the intermediate goods used to produce that output.
• B)the difference between the value of its final output and the value of the intermediate goods used to produce that output.
• C)the sum of the value added at all stages of production.
• D)the sum of the value of all the intermediate goods used to produce final output.

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