Multiple Choice
Which of the following statements is correct?
A) The value of intermediate goods is always included in GDP.
B) The value of intermediate goods is included in GDP only if those goods were produced in the previous year.
C) The value of intermediate goods is included in GDP only if those goods are added to firms' inventories to be used or sold at a later date.
D) The value of intermediate goods is never included in GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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