Both the value of hamburgers sold by a restaurant and the value of the beef it used to make these hamburgers are included in GDP.
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Q1: U.S. GDP includes the market value of
Q3: The basic tools of supply and demand
Q4: U.S. GDP includes estimates of the value
Q5: For an economy as a whole, income
Q7: GDP excludes the value of intermediate goods
Q8: The goal of macroeconomics is to explain
Q9: An economy's income is the same as
Q10: GDP is the market value of all
Q11: Microeconomics and macroeconomics are closely linked.
Q133: Macroeconomics is the study of the economy
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