The Value of Intermediate Goods Is Not Counted in GDP

question 86

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 that of 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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