When Measuring GDP,we Double Count If We Include the Value

question 55

Multiple Choice

When measuring GDP,we double count if we include the value of

• A) government expenditures.
• B) intermediate goods.
• C) nonmarket transactions.
• D) nonproductive transactions.
• E) net exports.

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Definitions:

Consistent

Describes a system or behavior that does not contain contradictions and adheres to the same principles, standards, or patterns over time.

Contingency

A statement or proposition that is neither necessarily true nor necessarily false, depending on some variables or conditions.

Biconditional Statement

A statement that is true only if both components are simultaneously true or false.

Consistent

In logic and mathematics, a set of statements or propositions is consistent if they do not lead to a contradiction, meaning they can all be true at the same time.