To avoid double counting in the calculation of GDP,
a. net exports should be excluded.
b. the value of intermediate goods and services should be excluded.
c. the capital consumption allowance should be excluded.
d. business investment should be excluded.
e. government purchases should be excluded.
b
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If the Federal Reserve takes no countervailing actions, an expansionary fiscal policy will increase the deficit, increase GDP, increase prices, and drive up interest rates
a. True b. False Indicate whether the statement is true or false
If the rate of return is higher than the cost of borrowing the:
A. investor will lose money on net after paying back the loan. B. investor will make money on net after paying back the loan. C. saver will make less money on net than the borrower. D. borrower will make more money on net than the saver.