In national- income accounting, the value of intermediate products
A) should always be counted as part of GDP in the expenditure approach.
B) should be added to the value of other inputs in determining a firm's contribution to GDP.
C) is counted as factor income in the calculation of GDP from the income side.
D) should be subtracted from the value of final goods in determining a firm's total value added.
E) must equal the value added by the firm.
Correct Answer:
Verified
Q19: the wood used for the base of
Q20: In national- income accounting, replacement investment is
Q21: is set to be equal to 100
Q22: In national- income accounting, "depreciation" refers to
A)a
Q23: Which one of the following is an
Q25: The change in the country's capital stock
Q26: Suppose a Canadian firm imports $1000 worth
Q27: One reason that GDP tends to understate
Q28: Statistics Canada excludes from GDP the value
Q29: When calculating GDP from the expenditure side,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents