Assertion to know Total production the value of goods and services should be used next reason in GDP calculation in make sense only to include the final goods and services
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GDP is Gross domestic product
Explanation:
The primary, secondary and tertiary sector of final goods and services are added and known as GDP
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GDP is a measurement of the market value of all final goods and services produced in the economy. The reason why these goods are not part of the calculation is that they would be counted twice.
Final goods refer to those goods which are used either for consumption or for investment. Intermediate goods refer to those goods which are used either for resale or for further production in the same year.
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