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to avoid double counting

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Q: Why are intermediate goods and services usually not included directly in GDP?
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How do you measure the FDI?

FDI can be measured by finding out the value of intermediate goods that an economy imports. These goods usually are a product of a multinational chain of production. When we are talking about services, FDI can be neasured by checking the affiliate bank transactions and short and mid term loans.


How are prices set in a centrally planned economy?

In a purely socialist economy, the price of a good would be determined by society directly and not through other types of mechanisms, such as markets. In history, this has usually taken the form of a state (acting on society's behalf) to control the price of goods and services. Controlling the price occurs by decree and a planned, socialist economy attempts to produce exactly the right number of intermediate and final products to match the expected supply with determined demand.


What is a tax imported goods or services called?

It's usually called a customs duty or tariff.


Are welfare payments to low income families included in the national income?

Yes. "National income (NI) is the total income earned by the citizens of the national economy resulting from their ownership of resources used in the production of final goods and services during a given period of time, usually one year" ("Economic Definition of national").


What is a demand driven?

Usually the prices of goods and services are demand driven. When the demand for an item is high its price usually goes up and similarly when the price of an item is low its price usually goes down.

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This will have to be done through a legal process by an attorney. The attorney will file paperwork to have this started and you will not be directly involved usually.


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False


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Usually it can mean that he does. But you never know if he is spaced out or something .


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