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Economics: The Discipline

Quick practice

Question 1 of 5

Which one of the following sentences is not true?

A

The sum of production in the three sectors is called the Gross Domestic Product.

B

The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year.

C

GDP is the value of all final goods and services produced within a country during a particular year.

D

Price of final goods does not include the value of intermediate goods

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