An economist, measuring GDP, first counted the value of aluminum created by an aluminum producer and then counted the value of a new car that an automaker sold that contains that aluminum. This characterizes: A) Depreciation B) Change in inventories C) Double Counting D) National income
An economist, measuring GDP, first counted the value of aluminum created by an aluminum producer and then counted the value of a new car that an automaker sold that contains that aluminum. This characterizes: A) Depreciation B) Change in inventories C) Double Counting D) National income
Chapter5: National Income Accounting
Section: Chapter Questions
Problem 2E
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An economist, measuring
A)
B) Change in inventories
C) Double Counting
D)
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