The value of intermediate goods is excluded from the measurement of GDP in order to:
A) adjust for inflation.
B) avoid double counting.
C) index economic activity.
D) measure GDP in constant prices.
Correct Answer:
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Q31: Final goods and services are _ production
Q32: If a pizza maker pays $1 for
Q33: Which of the following is an example
Q34: Goods and services that are used up
Q35: Factories and machines are examples of:
A)consumption goods.
B)non-market
Q37: Which of the following is NOT a
Q38: Which of the following is not classified
Q39: Capital goods are
A)long-lived goods used for producing
Q40: If an automobile manufacturer pays $200 for
Q41: Which of the following transactions would be
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