Which of the following statements is false? O a) GDP measures the value of all the goods and services produced in the economy. Ob) GDP stands for gross domestic product. O c) GDP excludes intermediate goods and services. d) GDP equals wages plus trading profits.
Which of the following statements is false? O a) GDP measures the value of all the goods and services produced in the economy. Ob) GDP stands for gross domestic product. O c) GDP excludes intermediate goods and services. d) GDP equals wages plus trading profits.
Chapter1: Making Economics Decisions
Section: Chapter Questions
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