The reason that only final sales are counted in GDP is
A) to avoid double counting goods that are sold so as to be resold.
B) to not count production in other countries.
C) because the government can't get records on intermediate sales.
D) to simplify the computation and no other reason.
Correct Answer:
Verified
Q2: The reason that only final sales count
Q3: The expenditures approach to GDP equals
A)Employee Compensation
Q4: Suppose a Boeing 777 is sold to
Q5: Gross Domestic Product is counted using two
Q6: How does GDP deal with a Ford
Q8: Suppose an apple pie sells at a
Q9: If a market basket was defined in
Q10: The income approach to GDP equals
A)Employee Compensation
Q11: One subject of study for macroeconomics is
A)inflation.
B)monopoly.
C)perfect
Q12: GDP can be calculated using
A)either the ways
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