Which statement is INCORRECT? Statisticians use the prices of goods and services like a ruler to measure the size and growth of US output. To calculate the US GDP, statisticians add up the output produced within the country, regardless of whether the people and businesses which produce that output are nationals of other countries. To calculate the US GDP, statisticians add up the value of all the intermediary and final output. To calculate the US GDP, statisticians add up the market value of our output. All the statements are correct. 000
Which statement is INCORRECT? Statisticians use the prices of goods and services like a ruler to measure the size and growth of US output. To calculate the US GDP, statisticians add up the output produced within the country, regardless of whether the people and businesses which produce that output are nationals of other countries. To calculate the US GDP, statisticians add up the value of all the intermediary and final output. To calculate the US GDP, statisticians add up the market value of our output. All the statements are correct. 000
Chapter15: Gross Domestic Product
Section: Chapter Questions
Problem 5SQ
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Transcribed Image Text:Which statement is INCORRECT?
Statisticians use the prices of goods and services like a ruler to measure the size and growth of US output.
To calculate the US GDP, statisticians add up the output produced within the country, regardless of whether the people and businesses which produce that output are
nationals of other countries.
To calculate the US GDP, statisticians add up the value of all the intermediary and final output.
To calculate the US GDP, statisticians add up the market value of our output.
All the statements are correct.
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