The Value of Intermediate Goods Is Not Counted in GDP

question 41

Multiple Choice

The value of intermediate goods is not counted in GDP

• A)to keep from including goods that reduce society's welfare.
• B)because of the tremendous difficulty in keeping track of all the intermediate goods produced in an economy as large as Canada.
• C)because they are only sold in factor markets.
• D)to avoid counting their value twice and overstating the value of GDP.
• E)because they are not consumed in the current year.

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Definitions:

Genetic Sex

Determined by the chromosomes an individual inherits, typically XX for females and XY for males, influencing primary and secondary sex characteristics.

Anatomical Sex

The biological classification of bodies as male, female, or intersex based on physical attributes such as chromosomes, hormones, and reproductive organs.

Physical and Mental Ability

Refers to the combination of bodily functions and cognitive skills that enable an individual to perform tasks and engage in everyday activities.

Nonanatomical Signs

Indicators or symptoms related to health conditions that are not directly linked to the body's structures or anatomy.