Gross domestic product includes only final goods and services, rather than goods and services that are purchased for use as inputs in producing other goods, to avoid the mistake of
A) ignoring the impact of price inflation
B) ignoring the impact of price deflation
C) double counting
D) single counting
Correct Answer:
Verified
Q32: Major gains in U.S. productivity growth in
Q33: The most widely used measure of an
Q34: If an economy produced 400 apples at
Q35: The calculation of this year's gross domestic
Q36: The calculation of this year's gross domestic
Q38: Of the following choices, the best example
Q39: GDP accountants would classify _ as a
Q40: Concerning the calculation of GDP, all of
Q41: If a newspaper headline indicates that U.S.
Q42: If a newspaper headline indicates that U.S.
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