To Calculate GDP Using the Value-Added Method, We Add Up

question 33

Multiple Choice

To calculate GDP using the value-added method, we add up:

• A)the market value of final goods and services produced during a particular period.
• B)only the value added by the underground economy.
• C)the value added by each firm involved in the production of final goods and services.
• D)the market value of intermediate goods and services produced during a particular period.

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Definitions:

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