Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started