Economics · National Income Accounting
We should consider the value of final goods only while estimating Gross Domestic Product (GDP) because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1it increases the cost of production
- 2the value of intermediate goods includes the value of final goods
- 3it promotes the production process in the economy
- 4the value of final goods already includes the value of intermediate goods✓
Correct answer
the value of final goods already includes the value of intermediate goods
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