Economics · National Income Accounting
Why does GDP calculation include only the value of 'final goods and services'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To make calculation faster
- 2To avoid double-counting the value of intermediate goods✓
- 3To ignore the primary sector
- 4To focus only on export items
Correct answer
To avoid double-counting the value of intermediate goods
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