GDP counts only final goods and services because this
A) method avoids including any goods that are produced this year and sold next year.
B) method avoids double counting of goods going through several stages of production.
C) amount can be more easily determined in the marketplace.
D) method avoids understating the value of GDP produced during a given year.
Correct Answer:
Verified
Q32: The circular flow diagram indicates that
A) households
Q33: In computing GDP, it is essential to
A)
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
Q38: The circular flow of income shows that
A)
Q39: Which of the following is TRUE regarding
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