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

Double counting can occur when the values of both final goods and intermediate goods are included in the calculation of GDP. To avoid this, only the value of final goods and services should be included in the calculation. Intermediate goods are already accounted for in the value of the final goods they contribute to.

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