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Economists are interested in measuring changes in
Select Option output inflation money
as it best captures changes in the overall
Select Option consumption patternseconomic activitywell-being
of an economy. In order to measure output economists use
Select Option gross domestic producttotal labor costsproduction outlays
which represents the value of production and is calculated by
Select Option subtractingsummingdividing
the dollar value of all final goods and services produced in a particular time period.
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