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Which of the following is true of gross domestic product? Group of answer choices It only measures income. It only measures output. It measures price

Which of the following is true of gross domestic product?

Group of answer choices

It only measures income.

It only measures output.

It measures price inflation.

It can be used to measure a firm's output.

It is an exact measure of output.

It can give us guidance on the living standards of a nation.

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