Consider Figure 11-1 and suppose you mistakenly believed that total value added was $30,500, the sum of

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Consider Figure 11-1 and suppose you mistakenly believed that total value added was

$30,500, the sum of the sales price of a car and a car’s worth of steel. What items would you be counting twice?

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Essentials Of Economics

ISBN: 9781429278508

3rd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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Question Posted: Oct 02, 2024 06:00 AM

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Consider Figure 11-1 and suppose you mistakenly believed that total value added was $30,500, the sum of the sales price of a car and a cars worth of steel. What items would you be counting twice?
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Consider Figure 11-1 and suppose you mistakenly believed that total value added was $30,500, the sum of

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Essentials Of Economics

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