All of the following statements are true for gross domestic product except that GDP measures the value of production in a given time period. intermediate goods are included in calculating GDP....

All of the following statements are true for gross domestic product except that GDP measures the value of production in a given time period. intermediate goods are included in calculating GDP. production is valued at its market value. GDP includes only goods and services that are produced within a country. In the circular flow of expenditure and income, households are sellers and firms are buyers in goods markets. households are buyers and firms are sellers in factor markets. households are sellers and firms are buyers in factor markets. households and firms are both sellers in goods markets. Investment expenditures include all of the following except purchase of stocks and bonds. additions to inventories. purchase of new plant, equipment, and buildings. replacement of worn out capital. Aggregate income equals C + I + G + M - X. C + I + G + X - M. C + G + X. C + I + G + S.