Social Sciences, asked by shwetank35, 1 year ago

why are only final goods counted in the calculation of GDP not intermediate goods​

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Answered by 5queen36
3

Answer:

Only final goods and services are counted, to avoid multiple counting, since their prices covers the cost of all intermediate products and services that were used to produce the final output. Another way to calculate GDP is to measure the value added to each product or service at each stage of its production

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