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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Suppose the GDP for a country is $0. Does this mean that there was no productive activity in the country? Explain your answer.

To determine

Explain the situation of $0 GDP.

Explanation

GDP is the sum of all finished goods and services produced in a country but it does not include the non-market goods and services...

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