The best reason economists take only final goods and services into account when calculating GDP is that
A) this is the way things have always been done.
B) they want to avoid the problem of final counting.
C) they want to avoid the problem of double counting.
D) this is the only way things can be done.

Question

Quizplus · Accepted Answer

Including intermediate goods and services in the calculation of GDP would result in double counting, as the value of these goods and services would already be included in the value of the final goods and services they contribute to. Therefore, to avoid this problem, economists only take final goods and services into account when calculating GDP.

The Best Reason Economists Take Only Final Goods and Services