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What determines whether production is included in a country's GDP?
A
It must happen inside the country's borders, regardless of who owns the firm.
B
The population grows faster than output.
C
Total GDP, because it measures the economy's overall output.
D
GDP is a flow measured over a period.
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3.1.3 Explain how growth is measured Flashcards
24 flashcards on OCR GCSE Economics 3.1.3 Explain how growth is measured: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.