MCQOPTIONS
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MCQOPTIONS
| 1. |
Intermediate goods are excluded from GDP because |
| A. | they represent goods that have never been purchased so they cannot be counted |
| B. | their inclusion would understate GDP |
| C. | their inclusion would involve double counting |
| D. | the premise of the question is incorrect because intermediate goods are directly included in calculating GDP |
| E. | value of intermediate goods is unknown |
| Answer» D. the premise of the question is incorrect because intermediate goods are directly included in calculating GDP | |