GDP Includes the Value of Final Goods, and Not Intermediate

question 42

Multiple Choice

GDP includes the value of final goods, and not intermediate goods, because:

• A)the value of intermediate goods is already included in the value of final goods
• B)the value of intermediate goods is too difficult to measure
• C)the value of intermediate goods is measured by GNP
• D)the value of intermediate goods depends on the number of separate production processes

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Definitions:

Intrapersonal

Relating to or involving the internal, private life of an individual, such as thoughts and feelings.

Interpersonal

Relating to interactions and relationships between people, often highlighting communication and conflict resolution skills.

Developmental

Relating to the process of growth or improvement over time, especially in the context of personal, social, or organizational development.

Fundamental

Relating to the basic, primary, or essential part of something.