11. Which of the following should be considered to avoid multiple counting in GDP:

A. Only final goods and services should be counted

B. Intermediate goods and services should be counted

C. Both final and intermediate goods and services should be counted

D. Primary, intermediate, and final goods and services should be counted

12. Why total business sales volume in Malaysia is higher than GDP:

A. The GDP does not take taxes into account

B. The GDP does not include intermediate transactions

C. The GDP grossly understates the value of our annual output

D. Total sales are in money terms and GDP is always stated in real terms

13. Which would be considered an investment according to economists?

A. A hotel owner buys Google shares

B. A hotel buys a few beds from another hotel that was closing out

C. A hotel owner builds new rooms in the hotel

D. A hotel owner buys toiletries to run the hotel rooms

14. Gross domestic government expenditure, as defined in national income accounts, would include the following:

A. Changes to business inventories

B. All domestic construction done by the private sector

C. Government construction of new highways and dams

D. The value of all capital goods bought by business firms

15. In October 2019, Proton produced an automobile that was delivered to a local dealership in December 2019. The auto was then sold to Azman for personal use in January of 2020. Following national income accounting practices, this auto would be counted as part of:

A. Consumption in 2019 and consumption in 2020

B. Consumption in 2019 and investment in 2020

C. Negative investment in 2019 and consumption in 2020

D. Investment in 2019 and negative investment in 2020