The word "final" in the definition of GDP refers to
A) the time period when production took place.
B) counting the intermediate goods and services used to produce GDP.
C) not counting intermediate goods or services.
D) valuing production at market prices.
Correct Answer:
Verified
Q14: In the definition of GDP, ʺmarket valueʺ
Q29: Q30: _ is gross investment minus _. Q33: GDP is defined as the market value Q36: Which of the following is true regarding Q37: Normally in Australia the relationship between nominal Q38: Real GDP does not show the state Q39: Which of the following is included in
A)The
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