When adding up the value of all goods produced in the economy,double counting can be avoided if only the ________ is included.

Question

Quizplus · Accepted Answer

Only the value of final goods and services should be included when calculating the total value of goods produced to avoid double counting. Intermediate goods and services are already included in the value of the final goods and services they contribute to, so including them separately would count their contribution multiple times.

When Adding Up the Value of All Goods Produced in the Economy,double