GDP measures the value of final goods and services.Consider a pizza parlor that buys flour to make pizzas.Which of the following statements is true?
A) The value of the pizza and the flour used to make the pizza are counted as part of GDP.
B) Only the value of the pizza is counted in GDP to avoid double counting.
C) Only the value of the flour used to make the pizza is counted in GDP to avoid double counting.
D) Only the difference between the value of the pizza and the value of the flour is counted in GDP.
Correct Answer:
Verified
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