Leather sold to a furniture manufacturer is excluded from the calculation of GDP because:
A. It is an intermediate good.
B. It is an input of the final product.
C. Its value will be included in the price of the final good.
D. All of the above.
Answer:D
Leather sold to a furniture manufacturer is excluded from the calculation of GDP because:
A. It is an intermediate good. B. It is an input of the final product. C. Its value will be included in the price of the final good. D. All of the above.