GDP Does NOT Include Intermediate Goods Because

question 54

Multiple Choice

GDP does NOT include intermediate goods because

• A) intermediate goods are not valuable.
• B) intermediate goods are not useful to consumers.
• C) that would count the value of intermediate goods twice.
• D) that would understate the true size of GDP.

---

Definitions:

Race

A classification of humans based on physical and genetic characteristics, often associated with culture and social identity.

College Enrollment

The process or act of registering or being registered as a student in a college or university.

Legacy Admissions

College or university admission preferences given to applicants with familial ties to alumni, often sparking debates on fairness and meritocracy.

Social Cohesion

Social cohesion is the bond that holds a society together, encompassing the strength of relationships, the sense of belonging, and the degree of equality among members of the community.