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4 August, 04:48

Which Of The Following Statements About GDP Is Correct

A. GDP excludes positive changes in inventories.

B. GDP excludes the market value of unpaid work in the home.

C. GDP excludes the production of non durable goods.

D. GDP excludes the production of services.

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Answers (1)
  1. 4 August, 05:07
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    The statement about GDP is correct is GDP excludes positive changes in inventories. The answer is letter A. The GPD of a country or nation is the value of dollar of the total output such as goods and services that is produced within the country in a particular year. For example, the total market value of the total output produced in Korea in 2003 is $700 billion and the total market value of the final output sold is $500 billion, we can conclude that the GDP of Korea in 2003 is $700 billion.
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Home » Social Studies » Which Of The Following Statements About GDP Is Correct A. GDP excludes positive changes in inventories. B. GDP excludes the market value of unpaid work in the home. C. GDP excludes the production of non durable goods. D.
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