Intermediate goods are excluded from GDP because
A) their inclusion would understate GDP
B) the premise of the question is incorrect because intermediate goods are directly included in calculating GDP.
C) their inclusion would involve double counting.
D) they represent goods that have never been purchased so they cannot be counted.
Correct Answer:
Verified
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
Q8: The word "final" in the definition of
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
Q14: In 2009, Ozzie purchased a 1999 Ford
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