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:

Infusion Pump Rate

The speed at which fluids and medications are delivered to a patient through an infusion pump, usually measured in milliliters per hour (mL/hr).

Intravenous Infusion

The administration of liquid substances directly into a vein as a therapeutic treatment.

Potassium Chloride

A chemical compound used medically as a supplement or medication to treat and prevent low blood levels of potassium (hypokalemia).

Saline

A solution of salt in water, commonly used in medical treatments for hydration or wound cleaning.