QUESTION 6 Intermediate goods are counted in GNP but not in GDP. are counted in GDP, capital goods are not are not counted in GDP because they are not newly produced. are not counted in GDP because they are completely used up in the production of other goods. QUESTION 7 Holding other things constant, an increase in real interest rate shifts the current labor supply curve to the current output the right; raises left: raises left; lowers right; lowers