Gross Domestic Product Adds Together Many Different Kinds of Goods

question 107

Multiple Choice

Gross domestic product adds together many different kinds of goods and services into a single measure of the value of economic activity.To do this,GDP makes use of

• A)market prices.
• B)statistical estimates of the value of goods and services to consumers.
• C)prices based on the assumption that producers make no profits.
• D)the maximum amount consumers would be willing to pay.

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