Intermediate Goods Are NOT Counted in GDP Because

question 16

Multiple Choice

Intermediate goods are NOT counted in GDP because:

• A) doing so would result in double counting.
• B) these goods are not produced for the market.
• C) these goods are produced in the underground economy.
• D) these goods involve financial transactions.

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Definitions:

Hematocrit

The ratio of the volume of red blood cells to the total volume of blood.

Megakaryocyte

A large bone marrow cell responsible for the production of blood thrombocytes (platelets), which are critical in blood clotting.

Thrombocyte

Another term for platelet, a cell fragment in the blood essential for clotting and wound repair.

Erythrocyte

A red blood cell that carries oxygen from the lungs to the body's tissues and returns carbon dioxide from the tissues back to the lungs.