Double counting occurs when ________ included in the calculation of the GDP.
A) inputs are
B) unsold inventories are
C) depreciation is
D) household production is

Question

Quizplus · Accepted Answer

Double counting refers to the mistake of including the value of intermediate goods (inputs) in the calculation of the GDP, which leads to an overestimation of the actual economic output.

Double Counting Occurs When ________ Included in the Calculation of the GDP