The value of 'intermediate goods' are excluded from GDP calculation because:
A) it will increase the gdp unduly
B) it results in multiple counting of same value
C) intermediate goods are not important
D) all the above
Correct Answer:
Verified
Q13: Who first introduced the concept of circular
Q14: Which one in the following is a
Q15: Which one in the following is a
Q16: Why do not the sale or purchase
Q17: Inventories are unsold goods produced by a
Q19: Value added at each stage of production
Q20: Imputed value of good is added to
Q21: GDP Deflator is also called as:
A)implicit cost
Q22: Personal Income includes:
A)dividend distributed
B)social insurance contributions
C)corporate profit
D)none
Q23: Disposable Income does not include:
A)excise dutypaid
B)income tax
C)customs
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