Which of the following will be categorized as an intermediate ...

[shenderson6]

Which of the following will be categorized as an intermediate good in national income accounting?
 a. The value of oregano used as a seasoning for pizzas
  b. The crops consumed by a farmer's family members
  c. The present value of a car produced a couple of years ago
  d. A clunker sold during the current year
  e. The value of an antique piece of jewelry handed down over generations in a family

Question 2

If the value of intermediate goods and services are included in GDP, then:
 a. GDP would be understated.
  b. GDP would act as a true indicator of economic welfare.
  c. there would be double-counting.
  d. it would lead to depreciation.
  e. GDP would be able to give an exact estimate of the inventory in an economy.

[dominiqueenicolee]

Answer to Question 1

a

Answer to Question 2

c

[shenderson6]

Thanks for the timely response, appreciate it

[marict]

Gracias!