Intermediate goods are not included to calculate the final output because:
A) they do not have value
B) they have unknown value
C) their value is included in final goods so they are not added to avoid the problem of double counting
D) none of the above
Correct Answer:
Verified
Q2: When did the Great Depression hit the
Q3: Consider the following statements:
1) In a Capitalist
Q4: Macroeconomics is a study of economics that
Q5: What are consumption goods?
A)Goods used for consumption
Q6: What are Capital goods?
A)Goods used for consumption
Q8: What does the term Gross investment mean
Q9: What does the term free-market denote in
Q10: _economics can study the problem of Inflation
Q11: The credit of development of macroeconomic approach
Q12: Macroeconomics does not study _.
A)whole economy
B)national income
C)aggregate
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