Intermediate goods are excluded from GDP because
A) they represent goods that have never been purchased so they cannot be counted.
B) their inclusion would involve double counting.
C) their inclusion would understate GDP
D) the premise of the question is incorrect because intermediate goods are directly included in calculating GDP.
Correct Answer:
Verified
Q1: Which of the following expenditures associated with
Q2: In the United States, GDP is typically
Q3: Which of the following is a final
Q4: Which of the following expenditures is for
Q6: GDP does not directly include intermediate goods
Q7: A ton of coal purchased by your
Q8: Gross domestic product GDP) measures the
A) number
Q9: Gross domestic product GDP) is the_ in
Q10: If Nike, an American corporation, produces sneakers
Q11: Gross domestic product
A) includes all the goods
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