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P Flag question Tommy Chong grows marijuana for home consumption (medicinal purposes only). This activity is: Select one: O a
Value added is the: Select one: O a. Impact on third parties caused by market activities. O b. Difference between nominal GDP
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Answer #1

1. d
(It is productive but as no market transaction occurs so it is not included in GDP.)

2. c
(VAM is the sum of value added to a product at each level of production.)

3. c
(It is purchased for final consumption so it is a final good.)

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