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Calculating the Value of an Economy Is Harder Than Just

Question 2

Multiple Choice

Calculating the value of an economy is harder than just adding up the value of every single thing that is produced because:


A) that would lead to overcounting,as the value of intermediate products would be counted twice.
B) that would lead to overcounting,as there is a mark-up in everything that is sold.
C) that would lead to undercounting,as most goods are not sold in retail markets.
D) that would lead to undercounting,as only observable markets can be recorded.

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