AP Macroeconomics Question 113: Answer and Explanation

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Question: 113

12. GDP measures

I. production

II. income earned during the production process

III. spending by consumers, businesses, governments, and foreigners

  • A. Only I is correct.
  • B. Only II is correct.
  • C. Only III is correct.
  • D. Only I and II are correct.
  • E. I, II and III are correct.

Correct Answer: E