If the Value of Intermediate Goods and Services Are Included

question 35

Multiple Choice

If the value of intermediate goods and services are included in GDP, then:

• A) GDP would be understated.
• B) GDP would act as a true indicator of economic welfare.
• C) there would be double-counting.
• D) it would lead to depreciation.
• E) GDP would be able to give an exact estimate of the inventory in an economy.

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Definitions:

Marilyn Monroe

An iconic American actress, model, and singer, famed for her roles in movies during the 1950s and early 1960s, as well as her public image and personal struggles.

Unit of Analysis

The main entity that you are analyzing in your study, which can be individuals, groups, institutions, or social interactions.

Items

refers to individual objects or units that are part of a collection, list, or set, often considered for analysis or evaluation.