31.

The value of intermediate goods is subtracted from the total value of goods in the economy to
avoid double counting

32. These services are counted if they are reported to the tax authorities.

33. The sale of a used car is counted if there is specific value added to the transaction.

34. Expenditure on a good produced but not consumed in the period is investment while
expenditure on a good produced and consumed in the period is consumption.

35. Participation rate = labor force/total working-age population = 3.5/5 = 0.7 or 70 percent.