The Calculation of GDP Includes

question 79

Multiple Choice

The calculation of GDP includes:

• A) neither final goods nor intermediate goods.
• B) only intermediate goods.
• C) only final goods.
• D) both intermediate and final goods.

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Definitions:

Sample Variance

A metric indicating the spread or variation in a set of sample data, determined by dividing the sum of the squared differences from the mean by the total number of data points minus one.

Sample Variance

A measurement of the spread between numbers in a data sample, calculated by taking the mean of the squared deviations from the sample mean.

Squared Deviations

The squared differences between each observation and the mean, used in the calculation of variance.

Deviations Squared

The squares of the differences between individual data points and the mean of those points, used in calculating variance.