In Calculating GDP, the Value of Intermediate Goods Is Eliminated

question 186

Multiple Choice

In calculating GDP, the value of intermediate goods is eliminated by using the

• A) distributive method.
• B) value association method.
• C) value added method.
• D) Federal Reserve method.

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Definitions:

Inertia

A tendency to do nothing or remain unchanged, often leading to stagnation.

Marketplace

A venue where buyers and sellers interact to exchange goods, services, or information.

Generic Competitive Strategies

Broad approaches to competitive advantage that companies can apply across industries, often categorized into cost leadership, differentiation, and focus strategies.

Lowering Costs

Strategies or actions taken to reduce expenses and increase profitability within a business.