Intermediate Goods Are Not Included in GDP Because

question 43

Multiple Choice

Intermediate goods are not included in GDP because:

• A) certain goods that are used in the production of a final good would be counted twice.
• B) the value of goods bought by producers to make something else would be counted twice.
• C) the value of goods used by firms to make the goods they sell is included in the firm's product; accounting for the value twice would overestimate GDP.
• D) All of these statements are true

Understand the basic concepts and definitions of linear programming, including constraints, objective function, and feasible region.

Formulate linear programming (LP) constraints from worded problems.

Explain the relationship between constraints and the feasible region in a linear programming problem.

Identify and describe methods for conducting sensitivity analysis.

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