If We Calculate GDP by Adding the Dollars of All

question 116

Multiple Choice

If we calculate GDP by adding the dollars of all goods that buyers pay,we make an error as a result of

• A)omitting opportunity costs.
• B)double counting some goods.
• C)missing the spending on some goods.
• D)omitting some measures of well being.
• E)ignoring inflation.

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Definitions:

Cash Flows From Operations

The amount of cash generated by a company’s normal business operations.