Question 1 0.5 pts In-kind wages are not included in GDP. True False Question 2 0.5 pts If the value of intermediate goods and services are included in GDP, then: GDP would act as a true indicator of economic welfare, it would lead to depreciation GDP would be understated. there would be double-counting. GDP would be able to give an exact estimate of the inventory in an economy.

Question 1 In-kind wages are not included in GDP. True False Question 2 If the value of intermediate goods and services are included in GDP, then: 0 GDP would act as a true indicator of economic welfare. it would lead to depreciation. GDP would be understated. there would be double-counting. GDP would be able to give an exact estimate of the inventory in an economy. 0.5 pts 0.5 pts