Multiple Choice
Intermediate goods are goods that are used up entirely in the production of final goods. As such, intermediate goods
A) are excluded in calculating Gross Domestic Product (GDP) because they are not valuable.
B) are excluded in calculating Gross Domestic Product (GDP) because to do so would be to double count them.
C) make up only a small portion of Gross Domestic Product (GDP) .
D) are included in Gross Domestic Product (GDP) only if produced within the borders of the United States.
Correct Answer:

Verified
Correct Answer:
Verified
Q228: The largest component of gross domestic income
Q229: Which of the following will have the
Q230: Measuring total aggregate production in constant dollars
Q231: Which of the following transactions would NOT
Q232: The components of the expenditure approach to
Q234: The observation that goods and services flow
Q235: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q236: Which of the following is a significant
Q237: Per capita real Gross Domestic Product (GDP)
Q238: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the