How Is GDP Calculated

question 143

Multiple Choice

How is GDP calculated?

• A) by adding up the production of all goods and services in the economy
• B) by adding up the cost of all goods and services in the economy
• C) by adding up the quantity of all goods and services in the economy
• D) by measuring the economy's price level during a particular year
• E) by subtracting the value of all goods and services produced by the government and the value of those produced by the private sector

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Definitions:

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