Which of the following statements is false?
A) Output-based GDP is based on the sum of value added approach.
B) The value added method shows the values of each stages of production towards the values of the final goods and services.
C) To find the value added, the costs of the goods and services purchased from other businesses and industries are deducted from the value of its final product.
D) Value added GDP estimate is based on expenditures by households and businesses.
Correct Answer:
Verified
Q25: Your full-time accountant retires, so you hire
Q26: When hiring the factors of production to
Q27: In the absence of government and foreign
Q28: All the following statements are correct except:
A)
Q29: Double counting can be avoided when computing
Q31: The expenditure-based GDP is equal to:
A) C+I+G+X.
B)
Q32: The income-based GDP is based on:
A) employment
Q33: Which of the following statements is false?
A)
Q34: Nominal GDP measures:
A) total incomes.
B) total output.
C)
Q35: Nominal GDP measures the value of current:
A)
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