Multiple Choice
The value-added approach of measuring GDP does not do the following.
A) It includes the revenue a firm receives from selling a product minus the amount paid for goods purchased from other firms.
B) It includes only the value-added portion from the sale of goods and services.
C) It includes only the second-to-the-last value of the intermediate good used.
D) It avoids double counting.
Correct Answer:
Verified
Correct Answer:
Verified
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