To Avoid Double Counting in Calculating GDP

question 30

Multiple Choice

To avoid double counting in calculating GDP,

• A)net exports should be excluded.
• B)the value of intermediate goods and services should be excluded.
• C)the capital consumption allowance should be excluded.
• D)business investment should be excluded.
• E)government purchases should be excluded.

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Definitions:

Normal Random Variable

A random variable that has a normal distribution, often used in statistics and probability theory.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values differ from the mean of the set.

Mean

The arithmetic average of a data set, obtained by adding all the numbers and dividing by the count of numbers.

Normal Random Variable

A variable whose occurrences are distributed according to the normal distribution.