How Are Intermediate Goods Treated in the Calculation of GDP

question 8

Multiple Choice

How are intermediate goods treated in the calculation of GDP?

• A)Their value is not counted separately,but included as part of the value of the final good for which they are an input.
• B)Their value is counted separately,and their value is also included as part of the value of the final good for which they are an input.
• C)Their value is counted separately,but is not included as part of the value of the final good for which they are an input.
• D)They are included only if they are imported.

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Definitions:

DNA

Deoxyribonucleic Acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Genetic Material

The molecules—specifically DNA or RNA in some viruses—that carry the genetic information necessary for growth, development, functioning, and reproduction of living organisms.

Random Drift

A process in evolutionary biology in which allele frequencies within a population change due to chance rather than natural selection.

European Naturalists

Refers to scientists and scholars from Europe, especially from the 17th to the 19th centuries, who studied nature and contributed to the fields of botany, zoology, and geology.