If We Included Intermediate Goods in the Calculation of GDP

question 37

Multiple Choice

If we included intermediate goods in the calculation of GDP,

• A) we would be underestimating GDP
• B) we would be accurately measuring GDP
• C) we would be overestimating GDP
• D) any measurement problems would be offset by including the sale of new goods
• E) any measurement problems would be offset by including the final goods as well

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Definitions:

Urinary Catheter Bag

A device used to collect urine from a urinary catheter.

Oral Care

The practice of keeping the mouth, teeth, and gums clean and healthy to prevent disease.

Surgical Mask

A medical device worn over the mouth and nose to prevent the spread of infectious agents during surgical procedures and patient care.

Normal Flora

The collection of microorganisms including bacteria, viruses, and fungi that reside on or within the body but do not cause disease under normal circumstances.