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As long as an item has never been sold, its value is counted in GDP for the year in which it is finally sold.

barmour44

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As long as an item has never been sold, its value is counted in GDP for the year in which it is finally sold.

Question 1.

Double counting can be avoided by using the value-added approach when calculating GDP.

▸ true

▸ false

Question 2.

As long as an item has never been sold, its value is counted in GDP for the year in which it is finally sold.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 44 times

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jeromet1

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More solutions for this book are available here

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barmour44 Author

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5 years ago

Thank you for answering so quickly

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