Which of the Following Is Not True About Gross Domestic

question 106

Multiple Choice

Which of the following is not true about gross domestic product (GDP) ?

• A)It includes only final goods and services.
• B)It reflects production in a particular year.
• C)Intermediate goods and services are excluded to prevent double counting.
• D)It excludes purchases of financial assets.
• E)It includes transfer payments.

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Definitions:

Western Hemisphere

The half of the Earth that lies west of the Prime Meridian (which crosses Greenwich, London) and east of the antimeridian, encompassing the Americas.

Military Operations

Activities and actions conducted by armed forces to achieve specific strategic objectives, often involving combat and non-combat maneuvers.

Economic Environment

The totality of economic factors, such as employment, income levels, and inflation, that influence the disposal income and spending patterns of a society.