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Sublight2097 Sublight2097
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8 years ago
When your textbook says that it is misleading to say that the market economy produces an aggregate GDP-measured "economic pie," the authors have the following claim in mind:
A) Unlike a pie, income in the economy can't be divvied out independent of the exchange process.
B) The economy produces more than just pies.
C) The "pie" metaphor focuses solely on real GDP and excludes the more important measure of nominal GDP.
D) The production of pies create no income opportunities for market participants.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SydnieSydnie
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Another one in the books, marking it solved.
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