Which of the following is not true about gross domestic product (GDP) ?
A) It includes only final goods and services.
B) It reflects production in a particular year.
C) Intermediate goods and services are excluded to prevent double-counting.
D) It excludes purchases of financial assets.
E) It includes transfer payments such as Social Security.
Correct Answer:
Verified
Q2: Which approach to GDP adds up spending
Q4: Which of the following would not be
Q5: In the double-entry bookkeeping system used to
Q6: Which of the following is the best
Q8: Which approach adds up earnings during the
Q9: Which of the following is an example
Q10: The value of the films starring Charlie
Q11: Which of the following is the best
Q12: _ is counting an item's value more
Q17: Which of the following is true of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents