The Dollar Value of Final Goods and Services Only Is

question 77

Multiple Choice

The dollar value of final goods and services only is counted in GDP because:

• A)we can measure only the value of final goods and services, not the value of inputs.
• B)if we counted the value of all goods, we would count inputs, like the value of steel in a new automobile, more than once.
• C)intermediate goods reduce GDP.
• D)only final goods and services matter for the economy.

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Definitions:

Referral Program

A systematic approach businesses use to encourage employees or customers to recommend qualified candidates for job positions or services.

High Potential

Individuals within an organization identified as having the capability to hold leadership positions and contribute significantly to its success in the future.

Employee Cloning

refers to the practice of hiring individuals who closely resemble the company's existing employees in terms of skills, attitudes, or demographic characteristics, often criticized for limiting diversity.

Internal Sources

Internal Sources refer to the methods or strategies within an organization used to fulfill its needs, including hiring, funding, or gathering information.