Question: 6 (2 points) Gross domestic product calculations count only final goods and services because O these are the only goods and services that are purchased

6 (2 points) Gross domestic product calculations count only final goods and services because O these are the only goods and services that are purchased in an economy. counting all goods and services would lead to double-counting of many activities. it is difficult to measure the prices of intermediate goods produced. one cannot calculate the quantities of intermediate goods produced

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!