Question

Assertion : When calculating the total value of goods and services produced in a country, the value of all goods and services at each stage of production should be calculated.

Reason : At each stage of production some value is added to a good or service, therefore, the value added at each stage of production is added to derive the total value of gods and services in an economy.​

Answer 1

Assertion : GDP shows how big an economy is. Reason : GDP is the value of all goods and services produced within the domestic territory of a country in a year. ... GDP is the value of all final goods and services produced within a country.

Answer 2

Both assertion and reason are false is the right answer