GDP counts only final goods and services because this
A) method avoids including any goods that are produced this year and sold next year.
B) method avoids double counting of goods going through several stages of production.
C) amount can be more easily determined in the marketplace.
D) method avoids understating the value of GDP produced during a given year.
B
You might also like to view...
In which of the following cases is the slope of a line positive?
A) As x increases, y increases. B) As x increases, y decreases. C) As x increases, y remains the same. D) As x increases, y equals a positive number.
Which region in the New World received the smallest share of slaves?
a. Brazil b. Colonial America c. Spanish America d. French Caribbean
Which of the following Federal Reserve Banks is most instrumental in carrying out the policy directives of the Board of Governors?
A. The Federal Reserve Bank of Richmond B. The Federal Reserve Bank of St. Louis C. The Federal Reserve Bank of San Francisco D. The Federal Reserve Bank of New York
Related to the Economics in Practice on page 359: The individual mandate feature of the Affordable Care Act potentially broadens the pool of people who are in the health insurance market, and this should ________ the problem of adverse selection.
A. lessen B. increase C. have no impact on D. eliminate