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Question
Suppose that in 2010, the total value of all final services produced in a nation was $300 billion; the total value of all final goods produced in that nation was $400 billion; and the total value of all final goods and services produced by that nationʹs firms in other countries was $200 billion. Gross domestic product was
A) $600 billion.
B) $500 billion.
C) $900 billion.
D) $700 billion.
Answer
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