Question

What is G.D.P ? Why are only final goods and services counted in G.D.P?

Answer 1

All the final goods and services produce in all three sectors is called gross domestic products. Final goods and services are counted in GDP because final goods and services can't produce with out passing through these three sectors.

Answer 2

G.D.P:

It's the value of all final goods and services produced within a country during in a given time period .

Only final goods and services counted in G.D.P ;

Because intermediate goods are used for producing final goods, so by counting the value of final goods, there value is also included itself in it ,

moreover intermediate goods are not fully ready they are used for producing final goods and services .