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.

Recognize appropriate and inappropriate uses of home equity loans.

Understand strategies for improving one's credit score.

Know consumer protection laws regarding credit and how they apply to individuals.

Understand the 5 C's of credit and their significance in the credit decision process.

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Definitions:

Awareness

The state or condition of being conscious of something, including perceiving, understanding, and being informed.

Sender's Signature

The written or electronic endorsement by the sender on a document, indicating approval or authentication.

Business Letter

A formal document typically used for communication between companies or between a company and its clients, suppliers, or other external parties.

Signature

A person's name written in a distinctive way as a form of identification in authorizing documents.