By Not Counting the Value of Intermediate Goods When Calculating

question 269

Multiple Choice

By not counting the value of intermediate goods when calculating GDP, you avoid

• A) deficit spending.
• B) double counting.
• C) black-market accounting.
• D) year-to-date calculations.

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Definitions:

Optically Active

A property of compounds that have the ability to rotate plane-polarized light, indicating the presence of chiral molecules.

Nitric Acid

is a strong mineral acid with the formula HNO3, widely used in the manufacture of fertilizers and explosives, as well as in chemical synthesis.

D-Ribose

A naturally occurring five-carbon sugar that is a key component of RNA.

Bromine Water

A solution of bromine in water, used as a reagent to test for the presence of unsaturation in organic compounds.