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Total production of all final goods and services

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Reference no: EM132320283

The income approach measures GDP by summing

a. C + I + G + NX.

b. the total production of all final goods and services produced in a year within a country's borders.

c. the wealth of households, business and government.

d. the incomes paid households for the resources they own.

e. Both answers C + I + G + NX and the incomes paid households for the resources they own are correct.

Reference no: EM132320283

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