Which statement about gross domestic product is FALSE?
A) It is aggregate output.
B) It is the total production of final goods and services.
C) It grows during an expansion.
D) It is the total production of all final and intermediate goods and services.
Correct Answer:
Verified
Q86: An intermediate good would be:
A) a new
Q87: The equation that breaks GDP down by
Q88: Use the following to answer question 91:
Q89: GDP is the total:
A) value of all
Q90: Intermediate goods are NOT counted in GDP
Q92: Which transaction will be included in the
Q93: Which definition BEST describes GDP?
A) the total
Q94: The Arcadia Entertainment Co. produced 20,000 DVDs
Q95: Which equation is CORRECT?
A) GDP = C
Q96: Gross domestic product is the economy's total
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