The calculation of GDP includes:
A) neither final goods nor intermediate goods.
B) only intermediate goods.
C) only final goods.
D) both intermediate and final goods.

Name: The calculation of GDP includes: A) neither final goods nor intermediate goods. B) only intermediate goods. C) only final goods. D) both intermediate and final goods.
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Question

Quizplus · Accepted Answer

GDP includes only final goods to avoid double counting, as intermediate goods are already accounted for in the value of final goods.

The Calculation of GDP Includes