GDP Includes Only the Value of Final Goods Because the Value

question 253

True/False

GDP includes only the value of final goods because the value of intermediate goods is already included in the prices of the final goods.

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Definitions:

Hemoglobin

A protein in red blood cells that carries oxygen from the lungs to the tissues of the body.

Staples

Metal clips used during surgery to close wounds or incisions, faster than suturing and often used for larger or deeper cuts.

Sutures

Threads or staples used by surgeons to close wounds or surgical incisions.

Erythema

Skin redness or rash caused by increased blood flow to the superficial capillaries.