GDP does not directly include intermediate goods because
A) that would understate the true size of GDP.
B) that would count the intermediate goods twice.
C) intermediate goods are not useful to consumers.
D) intermediate goods are not valuable.
Correct Answer:
Verified
Q37: The circular flow of income shows that
A)
Q46: Which of the following is an example
Q47: The relationship between real GDP and potential
Q48: Q49: According to the circular flow diagram, the Q50: In the national income accounts, government expenditure Q52: Gross investment equals Q53: Which of the following is true regarding Q54: When a recession ends, the turning point Q56: In the calculation of gross domestic product
A)depreciation + change in inventories.
B)net
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