**Question:**Who helps calculate GDP in the United States?**Options:**- O the Census Bureau- O the Bureau of Economic Analysis- O the Bureau of Labor Statistics- O all of the above- O none of the above**Explanation:**This multiple-choice question is designed to test knowledge on which U.S. government agencies are involved in calculating the Gross Domestic Product (GDP). It asks respondents to identify the correct agency or agencies from the given list.

Answered: Who helps calculate GDP in the United…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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GDP or Gross Domestic Product is the sum total of the market value of final goods and services produced in a country during a particular year. It includes only final goods and services. Used goods and intermediate goods are not included in GDP to avoid the problem of double counting.

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