If total output is calculated by adding up the market value of goods and services produced, then more expensive items:
A)receive the same weight as cheaper items.
B)receive a greater weight than cheaper items.
C)receive a smaller weight than cheaper items.
D)are double counted.

Question

Quizplus · Accepted Answer

More expensive items have greater influence in GDP calculations than inexpensive items because the expensive items indicate a higher market value.

If Total Output Is Calculated by Adding Up the Market