Social Sciences, asked by manukutti, 1 year ago

-------approach is the value added by each intermediate good is summed to estimate the value of the final good​

Answers

Answered by yenula
4

Explanation:

Intermediate goods are used in the production process to produce a final good or finished product. Industries sell intermediate goods to one another for resale or to produce other goods. When calculating GDP, economists use the value-added approach with intermediate goods to ensure they are not double counted.

Answered by gowtham2953
9

Answer:

Value added approach

Explanation:

The economist use value added approach so that the value of the intermediate good is not double counted in the final good

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