Recently,the ABS made adjustments to how GDP is calculated that included placing software purchases into the category of
A)intermediate goods because software is not a final good.
B)investment and now directly counts software purchases as part of GDP.
C)inventory and now software purchases are not directly counted as part of GDP.
D)net exports of goods and services because most software is written abroad.
E)net operating surplus.

Question

Quizplus · Accepted Answer

The ABS made adjustments to how GDP is calculated by placing software purchases into the investment category and now directly counts software purchases as part of GDP rather than treating them as intermediate goods or inventory. This change reflects the growing importance of technology and software in the economy and recognizes the significant contribution of software investment to economic growth.

Recently,the ABS Made Adjustments to How GDP Is Calculated That