GDP includes:
A)neither intermediate nor final goods.
B)both intermediate and final goods.
C)intermediate, but not final, goods.
D)final, but not intermediate, goods.

Name: GDP includes: A)neither intermediate nor final goods. B)both intermediate and final goods. C)intermediate, but not final, goods. D)final, but not intermediate, goods.
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Question

Quizplus · Accepted Answer

GDP includes only final goods to avoid double counting, as intermediate goods are already included in the value of final goods.

GDP Includes