Double Counting Would Occur If

question 189

Multiple Choice

Double counting would occur if:

• A)GDP were calculated by adding C, I, G, and NX.
• B)used goods were included in the GDP calculation.
• C)imports were subtracted from GDP.
• D)inventories were added to the GDP calculation.

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Definitions:

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Machine Lubricant

Substances used to reduce friction and wear between moving parts in machinery, thereby extending their life and improving efficiency.

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The actions and strategies implemented by companies to study consumer needs and develop products, pricing, promotions, and distribution methods to satisfy those needs.