If One Added Up the Value of All Intermediate Goods

question 14

Multiple Choice

If one added up the value of all intermediate goods that went into the production of real GDP,the total value of intermediate goods would be

• A)Less than the GDP.
• B)Equal to the GDP.
• C)Greater than the GDP.
• D)None of the choices are correct.

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Definitions:

Human Qualities

Characteristics, traits, or attributes that are considered to be inherent to humans, including emotional, social, and cognitive abilities.

Growth

The process of increasing in physical size, psychological maturity, or progress in developmental stages.

Consistencies

The quality of being uniform, coherent, and free from contradiction over time or in different situations.

Variabilities

The extent to which data points in a given set differ from each other and from their average.