The Best Reason Economists Take Only Final Goods and Services

question 2

Multiple Choice

The best reason economists take only final goods and services into account when calculating GDP is that

• A) this is the way things have always been done.
• B) they want to avoid the problem of final counting.
• C) they want to avoid the problem of double counting.
• D) this is the only way things can be done.

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Definitions:

Amniocentesis

A medical procedure used in prenatal diagnosis of chromosomal abnormalities and fetal infections, involving the extraction of amniotic fluid using a syringe.

Chorionic Villus Sampling

A prenatal test in which a sample of chorionic villi is taken from the placenta for genetic testing.

Gene Therapy

A medical technique that involves modifying or repairing defective genes to treat or prevent disease.

Klinefelter Syndrome

Inherited condition in which the affected individual is a sterile male with an XXY karyotype.