Business Studies, asked by rlsubrisha3823, 10 months ago

What precautions should be taken while calculating the value of goods produced and why?

Answers

Answered by arnabchakraborty14
2

Answer:

following precautions should be taken while calculating the value of the goods produced in a country -

value of only final goods and services should be taken

the value of intermediate goods should not be included in calculation of gdp

for example the value of a 20 rs biscuit also includes the value of its constituents like sugar,wheat flour etc. so only the final price of good should be taken in calculating GDP.

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