How Are Intermediate Goods Treated in the Calculation of GDP

question 8

Multiple Choice

How are intermediate goods treated in the calculation of GDP?

• A)Their value is not counted separately,but included as part of the value of the final good for which they are an input.
• B)Their value is counted separately,and their value is also included as part of the value of the final good for which they are an input.
• C)Their value is counted separately,but is not included as part of the value of the final good for which they are an input.
• D)They are included only if they are imported.

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Definitions:

T Lymphocytes

A type of white blood cell crucial for immune response, involved in identifying and eliminating pathogens.

Bacterial Infections

Illnesses caused by harmful bacteria that invade the body, leading to a wide range of symptoms depending on the area affected.

Viral Infections

Viral infections occur when viruses enter and multiply in the living cells of a host, potentially causing a wide range of health problems.

Macrophages

A kind of leukocyte that consumes and breaks down cellular waste, foreign materials, microorganisms, and cancerous cells through a mechanism known as phagocytosis.