GDP included intermediate or
final good
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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 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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Answered by
1
Answer:
Price of final goods
Explanation:
For example:
If there is a farmer who has grown wheat and he sells it to a biscuit factory, then the GDP is the cost of all the biscuits produced
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