In National-Income Accounting,the Value of Intermediate Products

question 82

Multiple Choice

In national-income accounting,the value of intermediate products

• A)should always be counted as part of GDP in the expenditure approach.
• B)should be subtracted from the value of final goods in determining a firm's total value added.
• C)should be added to the value of other inputs in determining a firm's contribution to GDP.
• D)must equal the value added by the firm.
• E)is counted as factor income in the calculation of GDP from the income side.

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Definitions:

Sample Proportion

The ratio of members in a sample that have a particular characteristic to the total number of members in that sample, often used in statistics to estimate population proportions.

Confidence Coefficient

A value, typically close to 1, that specifies the likelihood that a confidence interval will contain the true population parameter.

Sampling Distribution

The distribution of a statistic (like a mean or proportion) that would result from taking a large number of samples from a population.

Standard Deviation

A metric that assesses the extent of variation or spread in a collection of data in relation to its average, demonstrating the degree to which the data values are scattered.