Double counting (counting the same thing twice) in GDP accounting is avoided by not including
A) intermediate goods.
B) illegal activities.
C) net exports.
D) depreciation.
Correct Answer:
Verified
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
Q9: Intermediate goods are excluded from GDP because
A)
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
Q15: GDP is defined as the market value
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