If one added up the value of all intermediate goods that went into the production of real GDP,the total value of intermediate goods would be

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Quizplus · Accepted Answer

Intermediate goods are the raw materials, components, and supplies used in the production of final goods. If one were to add up the value of all intermediate goods used in the production of real GDP, the total would be greater than the GDP itself. This is because GDP is calculated based on the market value of final goods and services produced within a country in a given period, and does not include the value of intermediate goods to avoid double counting.

If One Added Up the Value of All Intermediate Goods