Intermediate goods are excluded from GDP because

A) their inclusion would involve double counting.
B) they represent goods that have never been purchased so they cannot be counted.
C) their inclusion would understate GDP.
D) the premise of the question is incorrect because intermediate goods are directly included in calculating GDP.


A

Economics

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Refer to the scenario above. If Alice values fairness, ________

A) she will not accept any offer made by Robert B) Robert should make the lowest possible offer to Alice C) she will accept the offer when Robert offers $250 D) Robert should not play the game

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If the surplus in the capital account are greater than the deficit in the current account, then

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Why did the Bretton Woods system ultimately break down?

A. The refusal of OPEC countries to accept payment for oil in gold. B. The refusal of surplus countries to devalue as required by law. C. An inability to devalue the U.S. dollar despite chronic payments deficits. D. An inability to adequately measure balance of payments surpluses and deficits.

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