When Measuring GDP,economists Count Only the Values of Final Goods

question 34

Multiple Choice

When measuring GDP,economists count only the values of final goods and services because

• A) the final value is taxable
• B) adding the values of intermediate products is too difficult a task
• C) the value of all intermediate products is automatically included in the value of those final goods
• D) intermediate products are overpriced
• E) the final cost is the selling price,which is what economists want to know

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Definitions:

Unconstitutional

Actions or laws that are not in accordance with the constitution.

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The enforced separation of different racial groups in daily life, such as in schooling, housing, and employment.

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A medical condition characterized by excessive body fat that presents health risks.

Social Factors

Elements within society such as family, wealth, education, and religion influencing an individual's life choices and opportunities.