When Adding Up the Value of All Goods Produced in the Economy,double

question 8

Multiple Choice

When adding up the value of all goods produced in the economy,double counting can be avoided if only the ________ is included.

• A)value of final good and services
• B)value of intermediate goods and services
• C)cost of intermediate goods and services
• D)revenue of all goods and services
• E)revenue of intermediate goods and services

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Definitions:

Stagnation

A period or state of inactivity or lack of growth and development.

Personal Impoverishment

A state of being where an individual lacks financial, social, or emotional resources, significantly impacting their quality of life.

Big Five Personality Traits

A model that outlines five broad dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.