(IC) Value Added and Intermediate Consumption Calculation Quiz

To ignore the value of imported goods and services

To encourage domestic production

To avoid overestimating the value of domestically produced goods and services (correct)

To promote international trade

Second-hand goods have no value

Second-hand goods are not domestically produced

Including second-hand goods results in underestimation of national income

The value of second-hand goods is already included in the year of production (correct)

Shares and bonds are considered intangible assets

Shares and bonds are not valuable

Shares and bonds are unrelated to the production of final goods and services (correct)

Shares and bonds lead to double counting

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