Suppose that the total market value of all final goods and services produced this year in economy

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Suppose that the total market value of all final goods and services produced this year in economy X is $4 million. Of the $4 million in goods, $3 million is sold and $1 million is held in inventory. For this year, the GDP of economy is ?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Posted Date: Mar 22, 2024 12:51 AM

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Suppose that the total market value of all final goods and services produced this year in economy

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ANSWER To calculate GDP we add up the total spending on different ... View the full answer

Exploring Economics

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