Economics
Economics
5th Edition
ISBN: 9781319066604
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Chapter 22, Problem 5P
To determine

To determine: The GDP as the value added in production, as spending on final goods and services and as factor income.

Concept Introduction:

Gross Domestic Product (GDP): It refers to the gross money value or gross market value of all the finished goods and services produced by resident and non-resident people of the country that is within the borders of the country in an accounting year.

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