GDP includes the value of final goods, and not intermediate goods, because:the value of intermediate goods is already included in the value of final goodsO the value of intermediate goods is too difficult to measurethe value of intermediate goods is measured by GNPO the value of intermediate goods depends on the number of separate production processes If the price level increased, then ceteris paribus:O The real value of money would fallO The nominal value of money would fallO The real value of money would riseO The nominal value of money would rise

GDP calculate only value of final good.

Answered: GDP includes the value of final goods,…

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GDP includes the value of final goods, and not intermediate goods, because:

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: Money Growth And Intlation

Section: Chapter Questions

Problem 6PA

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Question

GDP includes the value of final goods, and not intermediate goods, because:
the value of intermediate goods is already included in the value of final goods
O the value of intermediate goods is too difficult to measure
the value of intermediate goods is measured by GNP
O the value of intermediate goods depends on the number of separate production processes

If the price level increased, then ceteris paribus:
O The real value of money would fall
O The nominal value of money would fall
O The real value of money would rise
O The nominal value of money would rise

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