Multiple Choice
GDP does NOT include intermediate goods because
A) intermediate goods are not valuable.
B) intermediate goods are not useful to consumers.
C) that would count the value of intermediate goods twice.
D) that would understate the true size of GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q49: Which of the following is included in
Q50: Which of the following items is included
Q51: Assume that the nominal GDP for a
Q52: Real GDP is<br>A) the nominal value of
Q53: The production of a portable power bank
Q55: The appropriate formula for computing Gross Domestic
Q56: In the factor market, households<br>A) sell resources.<br>B)
Q57: The real value of an economic variable
Q58: Transfer payments are included in<br>A) gross domestic
Q59: Adjusting nominal Gross Domestic Product (GDP) for