Question

explain why intermediate goods is not included while estimating GDP?​

Answer 1

Answer:

Economists do not factor intermediate goods when they calculate gross domestic product(GDP). GDP is a measurement of the market value of all final goodsand services produced in the economy. The reason why thesegoods are not part of thecalculation is that they would becounted twice.

Answer 2

$\huge\mathfrak\red{ANSWER}$

Economists do not factor intermediate goods when they calculate gross domestic product (GDP). 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.

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