Solved

What Would Be the Result If Intermediate Goods and Services

Question 28

Multiple Choice

What would be the result if intermediate goods and services were included in the calculation of GDP?


A) The GDP would have to be deflated by the inflation rate.
B) Real GDP would be greater than nominal GDP.
C) The GDP would be overstated.
D) The GDP would be understated.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q23: -Refer to the</p></div><svg width=

Q24: -Refer to the</p></div><svg width=

Q25: What does the term final goods and

Q26: Which of the following summations is GDP

Q27: What is a transfer payment?
A)The payment made

Q29: -Refer to the</p></div><svg width=

Q30: All of the following,except one,are examples of

Q31: How is the GDP for Canada defined?
A)It

Q32: What is the value of production?
A)It always

Q33: How can GDP be calculated?
A)By adding together

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents