Question

The values of different goods during the production of ice cream are given below
a) Milk – 50 Rs
b)Sugar – 25 Rs
c) Vanila Essence – 10 Rs
d) Ice-cream – 120 Rs

Which of these following values has to be added to the GDP ?
A)50 Rs.                                          B)120Rs                              
C) 75 Rs       
D) 85 Rs​

Answer 1

Which of these following values has to be added to the GDP?

B) ₹120

Because, the total cost of the final product is added in the GDP and not of the intermediate goods.