Gross domestic product calculations count only final goods and services because
A) counting all goods and services would lead to double-counting of many activities.
B) these are the only goods and services that are purchased in an economy.
C) one cannot calculate the quantities of intermediate goods produced.
D) it is difficult to measure the prices of intermediate goods produced.
A
Economics
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On any given day, a salesman can earn $0 with a 30% probability, $100 with a 20% probability, or $300 with a 50% probability. His expected earnings equal
A) $0. B) $100. C) $150. D) $170.
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Out-of-pocket costs of health care to consumers are mostly in the form of:
A. Premiums and copayments B. Health taxes and premiums C. Premiums and deductibles D. Copayments and deductibles
Economics