Which of the Following Is True of GDP

question 52

Multiple Choice

Which of the following is true of GDP?

• A)It includes neither intermediate nor final goods.
• B)It includes both intermediate and final goods.
• C)It includes only intermediate goods,not final goods.
• D)It includes final goods,but not intermediate goods.

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Definitions:

Law of Torts

A body of rights, obligations, and remedies that is applied by courts in civil proceedings to provide relief for persons who have suffered harm from the wrongful acts of others.

Punitive Damages

Money damages that may be awarded to a plaintiff to punish the defendant and deter future similar conduct.

Gross Negligence

A severe lack of care or the deliberate disregard of one's responsibilities, often resulting in harm or damage.

Libel

Defamation in writing or in some other form (such as a digital recording) having the quality of permanence.