If flour is sold to a bread producing firm, then the value of that flour is not included in the GDP.

Name: If flour is sold to a bread producing firm, then the value of that flour is not included in the GDP.
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Question

Quizplus · Accepted Answer

The value of the flour is counted in the firm's intermediate goods or inputs, which are not included in the GDP calculation to avoid double counting. Only the final value of goods and services produced and sold to end-users is included in the GDP.

If Flour Is Sold to a Bread Producing Firm, Then