The word "final" in the definition of GDP refers to
A) not counting intermediate goods or services.
B) the time period when production took place.
C) valuing production at market prices.
D) counting the intermediate goods and services used to produce GDP.
Correct Answer:
Verified
Q1: Which of the following expenditures is for
Q2: GDP does not directly include intermediate goods
Q3: If Frito Lay, an American snack company,
Q4: Gross domestic product (GDP) measures the
A) number
Q6: The calculation of the final goods and
Q7: If Nike, an American corporation, produces sneakers
Q8: Gross domestic product is a measure of
Q9: Intermediate goods are excluded from GDP because
A)
Q10: In the definition of GDP, "market value"
Q11: Which of the following is a final
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