The Value of Intermediate Goods Is Excluded from the Measurement

question 50

Multiple Choice

The value of intermediate goods is excluded from the measurement of GDP in order to:

• A)adjust for inflation.
• B)avoid double counting.
• C)index economic activity.
• D)measure GDP in constant prices.

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Definitions:

Intentional Infliction

The deliberate action by one party meant to cause distress or harm to another party.

Mental Suffering

A state of distress or discomfort resulting from mental or emotional strain.

Personal Information Protection and Electronic Documents Act

A Canadian federal law that sets out how private sector organizations can collect, use, and disclose personal information in the course of commercial business.

Equivalent Protection

The provision of safeguards or rights that are comparable in substance, but not necessarily identical in form or method.