GDP does not directly include intermediate goods because
A) intermediate goods are not valuable.
B) that would count the intermediate goods twice.
C) intermediate goods are not useful to consumers.
D) that would understate the true size of GDP.
Correct Answer:
Verified
Q1: A loaf of bread purchased by one
Q2: Which of the following expenditures associated with
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
Q7: Gross domestic product (GDP) measures the
A) number
Q8: The word "final" in the definition of
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
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