Economics · National Income Accounting
Why are intermediate goods NOT included in the calculation of national income?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Intermediate goods are not important for measuring economic activity.
- 2Including intermediate goods would decrease the value of national income.
- 3Intermediate goods are not produced within the country's borders.
- 4Including intermediate goods would result in double counting.✓
Correct answer
Including intermediate goods would result in double counting.
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