To Avoid Counting the Same Output More Than Once,the Calculation

question 111

Multiple Choice

To avoid counting the same output more than once,the calculation of GDP includes

• A)Intermediate goods plus final goods.
• B)Only the value of final goods.
• C)The value added at each stage of production plus intermediate goods.
• D)Only the output produced by U.S. factors of production.

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Definitions:

Organizational Levels

The hierarchy within a company that structures the allocation of responsibility, from top management to lower-level employees.

Board of Directors

A group of individuals elected to represent shareholders, making key decisions and overseeing the general direction of a company or organization.

Board of Directors

A group of individuals elected to represent shareholders and govern the affairs of a corporation by making decisions and setting policies.

Corporate Level

Pertains to high-level strategic decisions made by a company's top executives that affect the entire organization.