Which of the Following Is Not True About Gross Domestic

question 50

Multiple Choice

Which of the following is not true about Gross Domestic Product?

• A)It includes only final goods and services.
• B)It reflects production in a particular year.
• C)Intermediate goods and services are excluded to prevent double counting.
• D)It may be measured by totalling the spending by each group in society.
• E)It includes transfer payments.

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Definitions:

Conventional Natural Gas

Natural gas that is found in large reservoirs and can be extracted and brought to the surface with relative ease.

Gas Pipelines

Infrastructure used for transporting natural gas from its source to the place of distribution or use.

Bitumen

A black, sticky substance obtained from crude oil used in road surfacing and roofing.

High-sulphur

Refers to fuels or substances that contain a high percentage of sulfur, contributing to pollution when burned.