Multiple Choice
How are 'intermediate goods' treated in the calculation of GDP?
A) Their value is not counted separately, but included as part of the value of the final good of which they are an input.
B) Their value is counted separately, and their value is also included as part of the value of the final good of which they are an input.
C) They are included in the year that they are produced.
D) They are included only if they are imported.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: Why do we subtract import spending from
Q99: GDP is not a perfect measure of
Q100: Use the circular-flow diagram to explain why
Q101: In periods when prices are falling on
Q102: If Anton sells his 2004 Honda Accord
Q103: Do countries produce more or less pollution
Q105: Which of the following is an example
Q106: Scott is a woodworker and charges $150
Q108: Give reasons why measured GDP does not
Q109: The GDP deflator only measures the prices