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Value Added Method for Measuring GDP
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Problem 10
Value Added Method for Measuring GDP
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11. Gross Domestic Product (GDP) and Consumer Price Index (CPI) / Value Added Method for Measuring GDP / Problem 7
Problem 7
Why are intermediate goods excluded from GDP in the value added method?
A
To simplify the calculation process.
B
Because they have no economic value.
C
Because they are not sold in the market.
D
To prevent double counting and ensure only final goods are measured.
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