Intermediate Goods Are Excluded from GDP Because

question 229

Multiple Choice

Intermediate goods are excluded from GDP because

• A) they represent goods that have never been purchased so they cannot be counted.
• B) their inclusion would involve double counting.
• C) their inclusion would understate GDP
• D) the premise of the question is incorrect because intermediate goods are directly included in calculating GDP.

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Definitions:

Immediate Compliance

The act of immediately conforming to a request or command.

Emotional Arousal

A state of heightened physiological and psychological activity, involving feelings, emotions, and mood fluctuations.

Spanking

A form of discipline that involves hitting the buttocks of a child with the open hand, widely debated in terms of its effectiveness and ethical implications.

Compliance

The act of conforming to a request, demand, or regulation.