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Value Added Method for Measuring GDP
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Problem 10
Value Added Method for Measuring GDP
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11. Gross Domestic Product (GDP) and Consumer Price Index (CPI) / Value Added Method for Measuring GDP / Problem 8
Problem 8
What is the significance of excluding intermediate goods from GDP measurement?
A
It increases the GDP value.
B
It simplifies the calculation process.
C
It reduces the complexity of economic analysis.
D
It prevents double counting and ensures accurate GDP measurement.
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