Skip to main content
Macroeconomics
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
My Course
Learn
Exam Prep
AI Tutor
Study Guides
Flashcards
Explore
Try the app
Back
Value Added Method for Measuring GDP
Download worksheet
Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Value Added Method for Measuring GDP
Download worksheet
Practice
Summary
Previous
9 of 10
Next
11. Gross Domestic Product (GDP) and Consumer Price Index (CPI) / Value Added Method for Measuring GDP / Problem 9
Problem 9
What is a key benefit of using the value added method for GDP calculation?
A
It provides a more accurate measure of economic activity by avoiding double counting.
B
It increases the GDP value by including all production stages.
C
It simplifies the calculation process by ignoring intermediate goods.
D
It reduces the complexity of economic analysis.
AI tutor
0
Show Answer