In calculating GDP, economists use the value of final goods and services because
A) by using final goods and services, they avoid double counting.
B) final goods can be exported to other countries.
C) intermediate goods are imported from other countries.
D) GDP is underestimated if intermediate goods are used instead.
E) final goods and services do not depreciate.
Correct Answer:
Verified
Q1: Which one of the following is an
Q10: Which of the following would be an
Q11: Complete the following sentence. Net exports equals
A)exports
Q13: For the aggregate economy, income equals
A)expenditure, but
Q14: The purchasers in the goods markets are
A)households
Q14: Which one of the following is an
Q16: In the circular flow model,
A)households are sellers
Q17: Suppose the economy's capital increases over the
Q18: SaskWidget produces plastic parts. At the beginning
Q20: The change in capital from year to
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