True/False
In the value added approach to calculating GDP,counting both the intermediate good and the final product would understate the contribution to GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q61: A measure of absolute price changes that
Q62: A German tourist visits Disney World in
Q63: What are the costs associated with inflation?
Q64: Changes in taxes and spending by the
Q65: Changes in business inventories are not considered
Q67: Transfer payments are:<br>A)included in GDP.<br>B)not included in
Q68: If GDP rises:<br>A)income and production must both
Q69: Policymakers often use the natural rate of
Q70: Determine whether each of the following outputs
Q71: Why are transfer payments excluded from government