[Answered] Mistakenly adding the value of a good or service twice by counting the intermediate goods and ...

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s.tung

Hero Member
Posts: 577

on: Jun 30, 2018

Mistakenly adding the value of a good or service twice by counting the intermediate goods and services in GDP is known as:
a. value added.
b. double counting.
c. factor payments.
d. net depreciation.

Question 2

The consumption function has a positive slope while the savings function has a negative slope.
a. True
b. False
Indicate whether the statement is true or false

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shewald78

Sr. Member
Posts: 340

Reply #1 on: Jun 30, 2018

Answer to Question 1

b

Answer to Question 2

False

s.tung

Hero Member
Posts: 577

Reply #2 on: Jun 30, 2018

Correct answers!

shewald78

Sr. Member
Posts: 340

Reply #3 on: Jun 30, 2018

Great! Please up vote

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