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intermediate goods and services in regards to GDP Calculation
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- Consider a farmer who grows wheat and sells it to a bakery. The bakery then uses this wheat to bake bread sold to consumers. Which of the following is true?A) Including wheat in the calculation of GDP would be double counting.B) Wheat is a final good.C) Wheat is included in the calculation of GDP.D) Including bread in the calculation of GDP would be double counting.
- consumption, investment, government purchases, net exports (value of a country's exports minus imports), aggregate expenditure (total spending of all goods/services in the year)
- Following a decrease in the real interest rate, there is an increase in financial capital outflows from Country A. The increase in capital outflows will most likely have which of the following effects on Country A's net exports and aggregate demand?