The word ʺfinalʺ in the definition of GDP refers to
A) counting the intermediate goods and services used to produce GDP.
B) valuing production at market prices.
C) the time period when production took place.
D) not counting intermediate goods or services.
Correct Answer:
Verified
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Q11: Gross domestic product
A) includes all the goods
Q12: The calculation of the final goods and
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Q14: In the definition of GDP, ʺmarket valueʺ
Q16: GDP is defined as the market value
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