One Way to Avoid Counting the Prices of Intermediate Goods

question 13

Multiple Choice

One way to avoid counting the prices of intermediate goods multiple times in computing the value of GDP is to:

• A)sum the value added of only producers of final goods and services.
• B)sum the value added of only producers of intermediate goods and services.
• C)sum the value added of producers of both intermediate and final goods and services.
• D)subtract the value added of producers of intermediate goods and services from the value added of producers of final goods and services.

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Definitions:

Transcendent Form

A concept in philosophy that refers to idealized, perfect examples of various properties or entities, which exist beyond our physical and perceptual limitations.

Beauty

An aesthetic quality or experience that gives intense pleasure or deep satisfaction to the mind, often derived from sensory perceptions.

Morally

In a manner that is concerned with principles of right and wrong behavior.

Aesthetic

Pertains to the philosophical branch that deals with the nature of beauty, art, and taste, and the creation and appreciation of beauty.