Double counting would occur if:
A) GDP were calculated by adding C, I, G, and NX.
B) used goods were included in the GDP calculation.
C) imports were subtracted from GDP.
D) inventories were added to the GDP calculation.
Correct Answer:
Verified
Q424: Value added is equal to the value
Q425: Purchases of imported products are:
A)subtracted from GDP.
B)considered
Q426: Use the following to answer questions :
Q427: Use the following to answer questions :
Scenario:
Q428: Use the following to answer questions :
Scenario:
Q429: Use the following to answer questions :
Scenario:
Q430: Use the following to answer questions :
Scenario:
Q431: Which of the following is NOT included
Q432: Use the following to answer questions :
Q434: Spending on inputs is _ of GDP,
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