Gross Domestic Product Calculations Count Only Final Goods and Services

question 256

Multiple Choice

Gross domestic product calculations count only final goods and services because

• A) one cannot calculate the quantities of intermediate goods produced.
• B) it is difficult to measure the prices of intermediate goods produced.
• C) these are the only goods and services that are produced in an economy.
• D) counting all goods and services would lead to double-counting of many activities.

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