In computing GDP, it is essential to
A) avoid double counting.
B) include government transfer payments.
C) include government tax revenues.
D) count all intermediate products directly as they are produced.
Correct Answer:
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Q28: In the circular flow of income
A) households
Q29: The factor market can best be described
Q30: In the circular flow model of an
Q31: If we compare the four sources of
Q32: The circular flow diagram indicates that
A) households
Q34: In the circular flow of economic activity
A)
Q35: The circular flow diagram shows that
A) the
Q36: In the circular flow diagram, aggregate expenditure
Q37: GDP counts only final goods and services
Q38: The circular flow of income shows that
A)
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