How Is Flour Treated in GDP Terms

question 157

Multiple Choice

How is flour treated in GDP terms?

• A)It is counted as an intermediate good.
• B)It is counted as an intermediate good if it is used by a company to make bread.
• C)It is counted as a final good if it is used by a consumer who bakes bread for his own consumption.
• D)It is counted as a final good.

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Definitions:

Impact Evaluation

The assessment of the changes that can be attributed to a particular intervention, such as a project, program, or policy.

Excessive Cost

Expenses that exceed what is reasonable or necessary, often to the point of being unsustainable.

Lengthy Time

A period that is considered to be longer than usual or expected.

Logic Model

A systematic and visual way to present and share the perceived relationships among the resources, activities, outputs, and outcomes of a program or intervention.