Author Question: The word final in the definition of GDP refers to A) not counting intermediate goods or services. ... (Read 87 times)

kfurse · **on:** Jun 29, 2018

The word final in the definition of GDP refers to

A) not counting intermediate goods or services.
B) the time period when production took place.
C) valuing production at market prices.
D) counting the intermediate goods and services used to produce GDP.

Question 2

The working-age population can be divided into two groups

A) people in the labor force and people looking for work.
B) people in the labor force and people with a job.
C) people looking for work and those in the armed forces.
D) people in the labor force and people who are not in the labor force.