The word "final" in the definition of GDP refers to
A) not counting intermediate goods or services.
B) the time period when production took place.
C) counting the intermediate goods and services used to produce GDP.
D) valuing production at market prices.
Correct Answer:
Verified
Q3: Gross domestic product
A) includes all the goods
Q4: If Nike, an American corporation, produces sneakers
Q5: A ton of coal purchased by your
Q6: GDP does not directly include intermediate goods
Q7: Gross domestic product (GDP) measures the
A) number
Q9: Intermediate goods are excluded from GDP because
A)
Q10: Double counting (counting the same thing twice)
Q11: The calculation of the final goods and
Q12: Gross domestic product is a measure of
Q13: Gross domestic product is the total produced
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