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to the public for $ 1 , 8 0 0 . If we made the mistake of double counting at every level of production, as
to the public for $
If we made the mistake of double counting at every level of production, as opposed to using the valued added approach, we would calculate the total value of the output to $
If we use the valued added approach, the true value would be $
This means we would have overestimated the true value of the output by
Round your response to two decimal places.
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