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Gross Domestic Product Calculations Count Only Final Goods and Services

Question 15

Multiple Choice

Gross domestic product calculations count only final goods and services because


A) these are the only goods and services that are purchased in an economy.
B) counting all goods and services would lead to double-counting of many activities.
C) it is difficult to measure the prices of intermediate goods produced.
D) one cannot calculate the quantities of intermediate goods produced.

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