why is the intermediate goods not taken for the calculation of GDP?
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Intermediate Goods and Gross Domestic Product (GDP)
GDP is a measurement of the market value of all final goods and services produced in the economy. The reason why these goods are not part of the calculation is that they would be counted twice.
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Intermediate goods or services which are used in production of final goods and services are not included in the expenditure approach to GDP because expenditures on intermediate goods and services are included in the market value of expenditures Made of final goods and services
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