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6 June, 08:38

A country's GDP is the total dollar value of all final goods and services produced within a country's borders in a given year. It also determines how countries are classified. Which of the following is not a classification based on GDP?

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  1. 6 June, 08:39
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    The GDP calculation also accounts for spending on exports and imports. Thus, a country's GDP is a measure of consumer spending (C) plus business investment (I) and government spending (G) as well as its net exports, which is exports minus imports (X-M). Apr 24, 2017
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