Economics · National Income Accounting
Which of the following expenditures is excluded while calculating GDP to avoid double counting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Government expenditure on constructing roads
- 2Household expenditure on purchasing food
- 3Firm's expenditure on purchasing new machinery
- 4Firm's expenditure on intermediate raw materials✓
Correct answer
Firm's expenditure on intermediate raw materials
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