Question

Why government consider only final goods and services to calculate gdp



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Answer 1

Explanation:

the best possible; perfect

(व्‍यक्ति या वस्‍तु के लिए) यथासंभव सर्वोत्तम; सवांगपूर्ण

In an ideal world there would be no poverty. In an ideal world there would be no poverty.

noun

1.

an idea or principle that seems perfect to you and that you want to achieve

सर्वोत्तम लगने वाला विचार या सिद्घांत (जिसे हम प्राप्‍त करना चाहें), आदर्श

Answer 2

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.