In calculating GDP, economists use the value of final goods and services because Select one: A. B. O C. D. E. intermediate goods are imported from other countries. by using final goods and services, they avoid double counting. GDP is underestimated if intermediate goods are used instead. final goods and services do not depreciate. final goods can be exported to other countries.

In calculating GDP, economists use the value of final goods and services because Select one: A. B. O C. D. E. intermediate goods are imported from other countries. by using final goods and services, they avoid double counting. GDP is underestimated if intermediate goods are used instead. final goods and services do not depreciate. final goods can be exported to other countries.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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