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:

Rely

Depend on or trust in something or someone for support or maintenance.

Voidable

A contract or transaction that is legally valid but may be declared void by one of the parties.

Unenforceable

Refers to a contract or clause that, due to legal deficiencies or fairness issues, cannot be compelled or enforced by law.

Annullable

Refers to something that can be declared void or invalid, usually in a legal context.