One Way to Avoid Counting the Prices of Intermediate Goods

question 13

Multiple Choice

One way to avoid counting the prices of intermediate goods multiple times in computing the value of GDP is to:

• A)sum the value added of only producers of final goods and services.
• B)sum the value added of only producers of intermediate goods and services.
• C)sum the value added of producers of both intermediate and final goods and services.
• D)subtract the value added of producers of intermediate goods and services from the value added of producers of final goods and services.

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Definitions:

Information Exchange

The process of transferring information from one entity to another, which can occur through various means such as verbal, written, or electronic communication.

AIDA Format

A marketing model that stands for Attention, Interest, Desire, and Action, used to guide the content of advertising and marketing materials.

Application Letter

A cover letter that goes along with a résumé, explaining to the recipient what is being sent, the purpose behind sending it, and the advantages they can gain by reviewing it.

AIDA Plan

A marketing strategy model that stands for Attention, Interest, Desire, and Action, used to guide advertising and sales tactics.