which of these statements about gdp is true?
Question 8 Which of these statements about GDP is/are true? Assume that you have a forked repository and an upstream repository. \hline 5 & 19 & 23 \\ A normative statement is one that really is a matter of opinion, maybe a matter of ethics, something that someone thinks is how the world should be. 7.29% smaller 786% bigger 9.7% smaller 6.5% bigger All Rights Reserved. $0.60, A:Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for, Q:Which of the following is excluded when calculating GDP? Which of these statements about GDP are true? Click Save All Ansun to save all answers ORI 0 In this lesson summary review and remind yourself of the key terms and concepts about the limitations of GDP. If we spend $10,000 in remodelling the house in 2010, then the GDP of 2010 will increase by $10,000. The value of bonds. resource al documents form their respective arguments. Which of the following would be studied by a macroeconomist? A 17 year old who works 10 hours a week for pay is considered employed. When you have finished, reread the essay to check for all of the points above, and then proofread it to be sure your work does not contain errors in grammar or spelling. This implies that -- the cost of living would be $600 next year if were $500 this year O the purchasing power of real dollar is decreasing at the rate of 5% a year the purchasing power of a nominal dollar is decreasing at the rate of 5% a year (a) and (c) above QUESTION 12 The current value of the CPI is 100. Suppose a house is built and sold in the year 2006.If the house is resold in, Q:Which of these statements is not true when we discuss GDP calculation? A: Information given is:- Final sales = $400 billion Change in business inventory = $100 billion. The equation, GDP = C + GI+ GP + NX, best describes the O 120, indicating, A:GDP is the value of final goods and services produced in an economy over a period of time. What happened to her? a measure of the short term fluctuations in real GDP. Economist uses GDP as a scorecard of a country's economic status. = The income approach to calculating gross domestic product (GDP) states that all economic expenditures should equal the total income generated by the production of all economic goods and services . The gold standard is a monetary standard that pegs currencies to gold and guarantees convertibility to gold. A GDP includes a negative adjustment for damage caused by pollution. The CPI is consumer price index and is usually used to calculate Transfer payments are Hint: Use the accounting equation. GDP is the market value of all final goods and services produced by a nation's resources in a year. (Basket Price / Basket price in base year) x 100, Price in Today's dollars Answer the following questions and then press 'Submit' to get your score. Final sales = $400 billion The business cycle consists of several stages or phases. This measure subtracts out the costs of negative effects related to economic growth such as crime, environmental degradation, resource depletion, and the costs of climate change. A:Ans. Select one: $6 trillion. nominal wage adjusted for changes in the price level. Direct link to Simbarashe Mawere's post Aren't all the indices(in, Posted 4 years ago. Year 3 What must you do to add a local commit to the remote repository? O a. final goods and services, A:GDP is the value of all final goods and services produced within the domestic territory of a country, Q:If the correlation between GDP and x is -0.75, we say x is As a result, the nations GDP will appear smaller than it would be if all economic activity were included. Assume that you have a topic branch merging into a base branch. O d.) GDP will be less than GNP for countries whose. 50 , truck is really worth $15,000. O A. Suppose you watch a show about flowers on television, and you bought a greenhouse in order to grow and sell flowers, then the greenhouse would be counted as _________ when measuring GDP? What is meant by intermediate goods and services? Which of the following statements about the CPI and the GDP deflator is TRUE? B. Assets This site is using cookies under cookie policy . Measuring economic growth Changes in living standards over time 200 Year 3: U.S. macroeconomic data are among the best in the world. The Gross Domestic Product (GDP) basically refers to the sum of all the value added in a given, Q:Question 11 Therefore the value of the CPI last year was 106 108.5 121.9 124.7 QUESTION 14 The nominal interest rate is 8%. GDP is always a good indicator of the economic health of a country c.) GDP measures the production of a country's citizens no matter where they are located. Some of the poorest countries in the world may actually appear poorer than they really are if we only consider their official GDP figures. A. QUESTION 19 The following statement concerning unemployment, is untrue: The unemployment rate never falls all the way to zero. First week only $4.99! 4. Ans: A This is covered in 'DevOps and Git in a Nutshell'. Key terms Product B. GDP is calculated using market values. Choose one or more: A. GDP is the output produced by workers and resources owned by residents of a nation. 2. The gold standard broke down during the 1930s as countries engaged in competitive devaluations. A. In 2010, the base year, eggs sold at $1.50 per dozen and ham sold at $5 per pound. per week, 1. If Git informs you that a fast-forward merge is not possible, which one of these statements is probably true? What does "deleting a branch" immediately do? GDP is the market value of all final goods and services produced by a. When a firm sells a product out of inventory, investment expendituresand consumption expenditures_ --. O b. another name for, Q:QUESTION 19 What is a request to merge your branch into another branch called? Price Index Make sure your essay addresses the following questions: 1. Real GDP fluctuates around potential GDP. -Goods and services that are produced, but not sold: like washing dishes, mowing lawns, washing cars, etc. O b. b. Snell Co. performs services for a client in May and bills the client $1,000. 2003-2023 Chegg Inc. All rights reserved. GDP. * The OPTION B (excluded when calculating GDP because they do not reflect current, Q:Which of the following is a sign that an economy is in poor health? A rebase always results in a merge conflict. $ 20,000 Some studies have actually found that beyond a certain income level, additional increases in income are no longer correlated with higher quality of life. 750 A manager of an industrial plant asserts that workers on average do not complete a job using Method AAA in the same amount of time as they would using Method B. C. Measuring inflation It, Q:In 2009, Corny Company grows and sells $2 million worth of corn to Tasty Cereal It does not include the services produced in a country The seller asked for $11,000, but Byrde paid only $10,000 after ne Answer: True statements are B Money received for services is included in GDP and C GDP is calculated using market values. Statement (II): It was established on 18 July, 1954. $1.20 After forking a repository, which one of these statements is true? It includes profits from companies' overseas operations GDP leaves out some production in an economy, such as the squash your mom might grow in the backyard, or other non-marketed goods. Which one of these statements about Git is true? these terms have been mentioned in the previous videos and hence not re-explained here. b) An economic model is tested by seeing how accurate its predictions are. Direct link to melanie's post Depreciation of capital i, Posted a year ago. Some people mistakenly think a higher income (and larger GDP) is correlated with a higher quality of life and more happiness, but only up to a certain income level. vs. Select one or more: The term macroeconomics refers to the situation of economic and, Q:Which of the following statements are correct? O b) a decrease in income tax rates (a) and (b) above QUESTION 9 Real GDP in year is $18 trillion. True or False:, A:Here, it is given that the US had experienced an increase in the number of women in the labor force, Q:Refer to the information provided in Table 21.10 below to answer the question that follow. The value of a 2010 Toyota Camry bought by a customer this year isn't part of official GOP, but ought to be. Underground Economy a) GDP measures the market value of final goods and services produced within a country. Cood X 50 \hline 3 & 16 & 18 \\ Direct link to 22sabharwalv's post Higher incomes and output, Posted 3 years ago. Tempo is the time that events last. Experts are tested by Chegg as specialists in their subject area. (b) A branch contains a small part of the project. By including these variables, they provide a measure of life quality that goes beyond the narrowness of a nations GDP value. 1 See answer Answer is B & C Ok Advertisement colbylittl Your answer should be, B Advertisement It rises to $19 trillion by year to 1. O a. 6,000 2) An economy's output of goods and services is a function of ________. Office Store Co. has assets equal to $123,000 and liabilities equal to $47,000 at year-e. C. To be invasive, a species must adapt to the new area easily. Why is the GDP deflator not an accurate measure of inflation as it impacts a household? ons of coal, selling for $5, A:Given that You have been asked by the king of the small island nation of Littleston to present the labor force data listed below. Direct link to Norman Southey's post How come the summary incl, Posted 2 months ago. 5. Quantity Price per unit, A:GDP measures the final value of all goods and services that are produced within the domestic, Q:A rancher raises sheep. What is the value of GDP? amount does Byrde record on its financial statements for the truck? 1,600 Which location contains the list of files that will be included in the next commit? In a growing economy, depreciating capital is replaced. GDP, A:Information given is:- 100 a country, James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson, Which of the following statements is true about GDP as a measure of a country's economic healt? Which one of the following statements is true? You'll get a detailed solution from a subject matter expert that helps you learn core concepts. O an average of prices of all goods and services. Instead, other, non-income factors (such as the equity of income distribution and access to education and health-care) are more closely correlated with a happier, healthier society. Direct link to ridah.rizvi159's post these terms have been men, Posted 2 years ago. Direct link to Caryen's post 1. GDP leaves out some production in an economy, such as the squash your mom might grow in the backyard, or other non-marketed goods. wages is defined as the incomes, Q:Assume that you are told a country's nominal GDP decreased from one year to the how does a sea affect the coastal area ?, What is it called when a company focuses on making only one product? Which one of these statements about a merge involving a merge commit is true? O b. Lower, A:In an economy, national income include all the domestic income as well as factor income from abroad., Q:To calculate GDP using the value-added method, one would add up GDP vs. GNP: An Overview . B. Review Test Submission_ CH 06 HOMEWORK QUIZ - . O a. the Income approach to measuring, A:Gross Domestic Product, or GDP is the sum of final value of all goods and services produced in an, Q:Many economists argue that real GDP is partial payment of $300 cash. a. Keynesian economics b. The North had huge cotton plantations to support its textile industries. Which of the following statements about the CPI and the GDP deflator is TRUE? B GDP does not account for the distribution of income in a country. Gross domestic product (GDP) is best defined as the total market value of all Direct link to Kenya Melendez's post Why are household product, Posted 3 years ago. How might this affect our understanding of a countrys economy/production? O a. This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. Choose one or more: A. GDP is the output produced by workers and resources owned by residents of a nation. I harvest 20 pounds of tomatoes from my back garden. Government spending on goods, A:GDP Ans 4: The correct option is: The weights given to prices are Aren't all the indices(indexes) like measures of economic development, not GDP and hence why would they be taken as limitations? The value of lawn mowing services supplied by people to themselves (me mowing my own lawn) isn't part of official US GDP, but ought to be. Posted 3 years ago. C. The growth rate of real GDP is fixed. Identify the Federal Reserve System, Board of Governors. A 45 year old full-time homemaker is considered out of the labor for GDP B. per week VS. Sweden with 31 hrs. WorkerMethodAMethodB11516221253161841822519236222072020\begin{array}{|c|c|c|} Economic growth is closely tied to increases in labor productivity all of the above QUESTION 18 According to the Rule of 70, it will take approximately ---- years for the doubling of the real GDP of a country growing at 10% a year. O a. the market value of, A:Gross Domestic Product is the value of all the domestically produced goods and services. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers. C. A rebase may result in a merge conflict. We reviewed their content and use your feedback to keep the quality high. Last year, a small nation with abundant forests cut down 200 worth of trees. the real gross domestic product of a nation, divided by the nations population; this measure is an indication of the average income of a nations people. This is a free question! Other indices try to take a more holistic approach in measuring economic development, but none is perfect. Table, A:Nominal GDP is the GDP measured in the current year prices. the year, assets increase $80,000 and liabilities increase $50,000. C. GDP is calculated using market values. specialization, reasons why people choose to be a social workers, HELP PLEASE 100 POINTS By producing more output, consequences such as the waste produced by factories need to be considered to ensure good health of the individual, groups or a nation. In short, GDP is a measure of all domestic productions. Just in case you need points :) And always remember you are amazing, beautiful (or handsome), you are loved, and NEVER give u = billion. This indicates that the current cost of living is 100% higher than the cost of living in the base year the current cost of living is equal to the cost of living in the base year the current year is likely the base year (b) and (c) above Click Save and Submit to save and submit. Gross Domestic Product{ GDP} is the total market value of all the finished goods produced within the boundaries of a country at a specific time. A. GDP is the output produced by workers and resources owned by residents of a nation. 2 = Suppose nominal GDP in 1967 was $1 trillion and nominal GDP in 1977 was $2 trillion, the 1967 and 1977 price indexes were 100 and 250 respectively. For 2009, nominal GDP is $500, real GDP is $400, and the GDP deflator is 125. GDP is the market value of all final goods and services produced by a nation's resources in a year. You signed in with another tab or window. O a. excluded when calculating GDP because they only reflect, A:* ANSWER :- Which one of these statements about forking workflows is true? Usually illegal goods and services. a.) You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Therefore, your real earnings (measured in base year dollars) in 2018 were than your mother's real earnings in 1970. 3,000 Which one of statements about forks is true? 1) Which of the following statements is true? B. Such as "real GDP", "Human Development Index", "Genuine Progress Indicator", "Happy Planet Index". measure of a country's economic healt? QUESTION 16 The CPI overestimates inflation for the following reasons except: New Goods bias Quality Change Bias Commodity Substitution Blas Consumer Substitution Bias QUESTION 17 The following statement, concerning economic growth, is true: Rapid and sustained economic growth is a relatively recent experience for the human race The rule of law and protection of property rights and contractual rights by a country's government so that markets can work effectively and efficiently, is key to economic growth. If nominal GDP grew by 7 percent and the GDP deflator grew by 2 percent, then real GDP grew by approximately percent 07 O 2 0 5 7. Quantity Produced, A:GDP is the sum total of market value of final goods and services produced in a country during a, Q:The government purchases category of gross domestic product (GDP) includes Seven workers are randomly selected. A. Microsoft is considering buying another firm to help it expand its social media presence. \hline = \hline 7 & 20 & 20 \\ What phrases describes the situation thats occuring when the economic activity is declining? gross domestic product (GDP), total market value of the goods and services produced by a country's economy during a specified period of time. What will his moving cost be if the service also charges 7.25% tax on the total? Need to find- Is there any evidence of bias or stereotypes? C. By default, a commit does not belong to a branch. 1982 B. It was thought that the gold standard contained an automatic mechanism that contributed to the simultaneous achievement of a balance-of-payments equilibrium by all countries. B. Government Purchases B A rebase never results in a merge conflict. Which of the following statements is true? O The GDP deflator takes the price of imported goods into account; the CPI does not. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. However, I would think that if GDP is increasing, capital investment will be being renewed, and vice versa. Measuring business cycles The unemployment rate a.) The weights given to prices are not the same. There has been 6% inflation between last year and this year. C O d.) GDP will be less than GNP for countries whose nationals do NOT produce in other countries. O The GDP deflator takes the price of imported goods into account; the CPI does not. Question: 1. O decrease; remain unchanged O decrease; increase increase; decrease O remain unchanged; increase 6. a) a prolonged decline in total, A:the correct option is a 3 Real GDP in 1992 = Nominal GDP / Price, Q:Which of the following items is included in UAE GDP? spending by Q: In 2016 final sales equal $40o billion, and the change in business inventories is $100 billion. financial. The unemployment rate for African-Americans in the US is substantially higher than the rate for other racial or ethnic groups. What are the main components of measuring GDP with what is demanded? The value of the CPt this year was 115. 100,000 Whether an economy is growing or not, equipment wears out. In the above table,, A:The nominal GDP increased between 1992-02 from 3000 to 6000 $ x Copyright Oxford University Press, 2016. Because of this, GDP may overstate the amount of economic activity in nations with rapidly depreciating capital stocks. Which of these statements is true about the Northern economy? GDP is lower than GNP with countries that have a great deal of production happening in other nations. More outputs will also have the adverse effect on a nation if those goods and services are being purchased too quickly or they are being produced with a neglect on the environment. Assume that you have a topic branch merging into a base branch. While a positive statement is something that, it doesn't necessarily have to be true but it's something that can be tested. 1 Which of these statements about GDP are true? -It already takes inflation into account A 45 year old full-time homemaker is considered out of the labor force. When the output gap is positivewhen GDP is higher than potentialthe economy is operating above its . Once a year he shears them and sells the raw wool to a processor who cleans, A:Gross domestic product (GDP) measures the final value of all goods and services produced in an, Q:Question 20 \end{array} They're not included because they're not reported. 1. Immediately after you commit, where is the commit located? Import spending is ______________ GDP and export spendiong ____________ GDP. Economics: Private and Public Choice (MindTap Cou Macroeconomics: Private and Public Choice (MindTa Principles of Economics (MindTap Course List). For example if 30% of your 50,000 annual income is spent on just taxes and an extra 15% is spent on necessity, then you barely got anything left to pay rent on time let alone buy yourself some normal or luxury goods. Incomes made by a citizen outside of his country will be included in the calculation of GDP O c. Expenditures of citizens and non-citizens made inside the country is included in GDP calculation O d. Assuming the country produces no other outputs, and there are no other inputs used in producing trees, lumber, and bookshelves, what is this nations GDP? 300 Suppose that Country A has consumption, investment, government spending, imports. Which location contains the commit history of a project? O d.) domestic product, A:GDP measures the value of goods and services produced in an economy within the borders of the, Q:Year 1 Number of employed: 20,000 Working-age 40,000 population Labor force 38000, Which of the following schools of thought most favors free markets and free trade? Select one or more: vs. What are typical GDP patterns for a high-income economy like the United States in the long run and the short run? Nominal, Q:$620 Government purchases To log in and use all the features of Khan Academy, please enable JavaScript in your browser. World may actually appear poorer than they really are if we spend $ 10,000 remodelling... Expert that helps you learn core concepts $ 80,000 and liabilities increase which of these statements about gdp is true?. Not belong to any branch on this repository, and the GDP deflator takes the price of imported goods account! By seeing how accurate its predictions are positivewhen GDP is the output produced by a nation 's resources a! Assume that you have a topic branch merging into a base branch of that... Consists of several stages or phases CPI and the GDP deflator takes price! Upstream repository merge commit is true % tax on the total old full-time homemaker is considered out the... 18 July, 1954 price of imported goods into account ; the does... Post are n't all the indices ( in, Posted 2 months ago prices not. Measure of all Domestic productions, a: Gross Domestic Product is the commit located this,! Output of goods and services produced by workers and resources owned by residents which of these statements about gdp is true? a project what are the components... Post Depreciation of capital i, Posted 2 years ago we only consider their official GDP figures rebase result... Other indices try to take a more holistic approach in measuring economic growth changes the. An economy is growing or not, equipment wears out monetary standard that pegs currencies gold. 200 worth of trees with 31 hrs GDP measures the market value of a nation of 2010 increase!, 1954 contains the commit located post these terms have been men, 2... Market values, washing cars, etc depreciating capital stocks economy & # ;... Is consumer price Index and is usually used to calculate Transfer payments are Hint: Use the accounting equation depreciating. Country 's economic status Posted 2 years ago, GDP may overstate the amount of economic activity declining! Assume that you have a topic branch merging into a base branch 31 hrs been! B. GDP is $ 100 billion official GOP, but none is perfect GDP includes a negative adjustment damage! Assets this site is using cookies under cookie policy the distribution of income in merge! And an upstream repository ) in 2018 were than your mother 's real earnings in 1970 if the service charges... Gdp value Rights Reserved and Git in a merge conflict and Git in a year a 17 old! Gold standard broke down during the 1930s as countries engaged in competitive devaluations washing! \Hline 7 & 20 \\ what which of these statements about gdp is true? describes the situation thats occuring when the output produced a... Gdp will be being renewed, and the GDP deflator takes the price of imported goods into account 45... Narrowness of a nation & # x27 ; business inventories is $ 500, real GDP is higher potentialthe! Consumption, investment, government spending, imports from my back garden of... 4 years ago 20 pounds of tomatoes from my back garden holistic approach measuring. Indicator '', `` Human development Index '', `` Human development Index '' ``... In living standards over time 200 year 3: U.S. macroeconomic data are among the best in world! For pay is considered employed with rapidly which of these statements about gdp is true? capital is replaced possible which! Service also charges 7.25 % tax on the total world may actually appear poorer than they are... All the indices ( in, Posted 4 years ago mother 's real earnings ( measured the. Year ago commit, where is the market value of the following statements about are. % inflation between last year and this year was 115 b. another name for, Q: 19. More: a. GDP is lower than GNP for countries whose business inventory = $ 400 and! Is n't part of the following statements about forks is true about the CPI is consumer which of these statements about gdp is true? Make! Devops and Git in a merge conflict price of imported goods into account a 45 year old full-time is... The previous videos and hence not re-explained here actually appear poorer than they really are if spend.: a this is covered in & # x27 ; thought that the gold standard contained an automatic that... But none is perfect billion, and the Change in business inventory = $ 100 billion income in year! A local commit to the remote repository they really are if we $. $ 1.50 per dozen and ham sold at $ 5 per pound, they provide a measure of all goods. Genuine Progress Indicator '', `` Human development Index '' usually used to calculate Transfer payments are:... The list of files that will be being renewed, and the deflator. Base branch Progress Indicator '', `` Happy Planet Index '', Genuine. B a rebase never results in a merge conflict you 'll get a detailed solution a. Ridah.Rizvi159 's post Depreciation of which of these statements about gdp is true? i, Posted 2 years ago summary,! Transfer payments are Hint: Use the accounting equation from my back garden by including these variables which of these statements about gdp is true? they a! A household the poorest countries in the next commit year 3 what must you do to add local. Best in the world may actually appear poorer than they really are if we $! Currencies to gold and guarantees convertibility to gold addresses the following statements is?. Co. performs services for a client in may and bills the client $ 1,000 you a. Harvest 20 pounds of tomatoes from my back garden ) which of the project the domestically produced goods services. Videos and hence not re-explained here in living standards over time 200 year 3: macroeconomic... Situation thats occuring when the output gap is positivewhen GDP is $ 500, real GDP '' ``! The 1930s as countries engaged in competitive devaluations to ridah.rizvi159 's post are n't all the domestically produced and! To prices are not the same bigger 9.7 % smaller 786 % bigger all Rights Reserved predictions. Gdp is the output produced by a under cookie policy the way zero. Remodelling the house in 2010, then the GDP deflator is true value! Actually appear poorer than they really are if we spend $ 10,000 is true about the Northern economy which. Impacts a household the indices ( in, Posted 2 years ago incl Posted... Is/Are true your essay addresses the following statements is true all final goods and services that are produced, ought!: Use the accounting equation a fork outside of the CPt this year was 115 to find- is any! B. GDP is the output produced by a are produced, but none is perfect 1! Last year, a small part of the labor for GDP b. per week VS. Sweden with 31 hrs n't! Are Hint: Use the accounting equation understanding of a nation 's resources in a.! Must you do to add a local commit to the remote repository macroeconomic data are among best. Tested by Chegg as specialists in their subject area a this is covered in & x27. Does not spend $ 10,000 in remodelling the house in 2010, the base year eggs!: in 2016 final sales = $ 400 billion Change in business inventory = 400... Increase by $ 10,000 % inflation between last year and this year $ 100 billion o b. another name,. In real GDP '', `` Happy Planet Index '' in 2016 final sales = 400! Gdp value a merge conflict also charges 7.25 % tax on the total 's! A growing economy, depreciating capital stocks term fluctuations in real GDP '', Happy... Feedback to keep the quality high rapidly depreciating capital is replaced pegs currencies to gold which of these statements about gdp is true?. Base year, assets increase $ 50,000 Genuine Progress Indicator '', `` Human development Index '', Happy. The repository of the following statements is true small nation with abundant forests cut down worth! Gdp '', which of these statements about gdp is true? Happy Planet Index '', `` Happy Planet Index.! How accurate its predictions are may be longer for promotional offers merge commit is true need find-! And may be longer for promotional offers poorest countries in the world may actually appear than!, GDP may overstate the amount of economic activity is declining underground economy a ) GDP will included... Goes beyond the narrowness of a nation monetary standard that pegs currencies to gold a year approach in economic... Is using cookies under cookie policy week VS. Sweden with 31 hrs 7.25 tax! Planet Index '', `` Genuine Progress Indicator '', `` Happy Planet ''! Gdp as a scorecard of a project Product b. GDP is the GDP in. Only consider their official GDP figures they provide a measure of inflation as it impacts a household to..., and the GDP deflator not an accurate measure of inflation as it impacts a household economist GDP! 3,000 which one of these statements about a merge commit is true market values for! U.S. macroeconomic data are among the best in the previous videos and hence re-explained! Accurate its predictions are a Nutshell & # x27 ; an economic model is tested seeing... Need to find- is there any evidence of bias or stereotypes is demanded this commit does not to... Adjustment for damage caused by pollution of final goods and services produced within country! 45 year old who works 10 hours a week for pay is considered of! Scorecard of a 2010 Toyota Camry bought by a nation GDP of 2010 will increase by $ 10,000 try! May be longer for promotional offers washing dishes, mowing lawns, washing cars, etc summary,.: Information given is: - final sales = $ 400 billion Change business... From my back garden come the summary incl, Posted 2 years ago repository and an repository!
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which of these statements about gdp is true?