If the Statistical Discrepancy Is Zero,in Order to Calculate GDP

question 100

Multiple Choice

If the statistical discrepancy is zero,in order to calculate GDP from the value of net domestic product at factor cost,we must add

• A)the value of intermediate goods and subtract the value of imports.
• B)direct taxes,subtract corporate profit,and add investment.
• C)indirect taxes,subtract subsidies,and add depreciation.
• D)subsidies,subtract indirect taxes and depreciation.
• E)indirect taxes,subsidies,and depreciation.

---

Definitions:

U.S. Dollar

The currency of the United States, widely used worldwide as a standard for financial transactions.

Merchandise Valued

The total worth of goods held by a company for the purpose of resale.

British Pound

The currency of the United Kingdom, represented by the symbol £ and widely used in Britain and its territories.

U.S. Currency

Money issued by the United States, including banknotes and coins.