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Economics · Oct / Nov 2022 · Paper 13 · Question 20

2281Economic growth

How does a country usually measure its Gross Domestic Product?

  1. Aby calculating the total value of all goods and services produced within the economy
  2. Bby measuring the average prices of a basket of goods and services throughout the country
  3. Cby subtracting government expenditure from government revenue
  4. Dby surveying the number of people who are out of work but willing and able to work

As printed in the paper

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Correct answer: A. by calculating the total value of all goods and services produced within the economy

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