A. Economists include only final goods and services when measuring GDP because multiple choice 1 if intermediate goods were not

a. Economists include only final goods and services when measuring GDP because multiple choice 1 if intermediate goods were not counted, then multiple counting would occur. if intermediate goods were counted, then prices would be overstated. if intermediate goods were not counted, then prices would be overstated. if intermediate goods were counted, then multiple counting would occur. b. Gross domestic product does not include the value of the stocks and bonds bought and sold because these transactions are considered multiple choice 2 consumption expenditures and should not be counted as production of final goods and services. economic investment, but should be counted as production of final goods and services. economic investment and should not be counted as production of final goods and services. consumption expenditures, but should be counted as production of final goods and services. c. When measuring GDP, economists don’t include the value of the used furniture bought and sold because multiple choice 3 the value of used furniture is not reported anywhere. this value was already counted in GDP in some previous year. used furniture is a durable good. the value of used furniture needs to be averaged over a specified number of years.


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