GDP Counts the Dollar Value of Only Final Goods and Services

question 90

Multiple Choice

GDP counts the dollar value of only final goods and services because:

• A) we can measure only the value of final goods and services, not the value of inputs.
• B) if we counted the value of all goods, we would count inputs, such as the value of steel in a new automobile, more than once.
• C) intermediate goods reduce GDP.
• D) only final goods and services matter for the economy.

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Definitions:

Tentorium Cerebelli

A structure of the meninges, consisting of a fold of dura mater separating the cerebrum from the cerebellum.

Dural Venous Sinus

Channels found between the layers of the dura mater in the brain, which collect and drain venous blood from the brain back to the heart.

Cerebral Aqueduct

A canal within the brain through which cerebrospinal fluid flows, connecting the third and fourth ventricles.

Lateral Ventricle

One of the two ventricles located in the cerebral hemispheres, part of the brain's ventricular system where cerebrospinal fluid is produced and circulates.