The value of tires purchased by GM to use on its cars does not get counted in the calculation gross domestic product.

Name: The value of tires purchased by GM to use on its cars does not get counted in the calculation gross domestic product.
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Question

Quizplus · Accepted Answer

Only final goods and services produced within a country's borders are included in GDP calculation. The purchase of tires by GM is an intermediate good and is not counted in GDP.

The Value of Tires Purchased by GM to Use on Its