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Which of the following statements are correct? i. When calculating GDP, goods are counted
when they are purchased as inputs and when they are sold as final goods. ii. Only transactions
that represent production of new goods and services are included in the GDP. iii. When
calculating GDP using the expenditure approach, both final goods and intermediate goods are
included in order to avoid double counting. A. i and ii B. ii C. II and iil D.i

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