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Gross Domestic Product Calculations Count Only Final Goods and Services

Question 256

Multiple Choice

Gross domestic product calculations count only final goods and services because


A) one cannot calculate the quantities of intermediate goods produced.
B) it is difficult to measure the prices of intermediate goods produced.
C) these are the only goods and services that are produced in an economy.
D) counting all goods and services would lead to double-counting of many activities.

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