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The value-added approach to GDP measurement

The value-added approach to GDP measurement


[A]Adds up the difference between the value of output and costs of intermediate goods
[B]Adds up all income received by the household sector in the economy
[C]Removes the effect of inflation from the nominal GDP
[D]Adds up all the expenditures incurred on the goods and services produced by the domestic sector

Jan 12 2018 View more View Less

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