If all the final goods and intermediate goods and services were included in GDP:
A)the GDP would then have to be deflated for changes in the price level.
B)nominal GDP would exceed real GDP.
C)the GDP would be overstated.
D)the GDP would be understated.

Question

Quizplus · Accepted Answer

Including intermediate goods and services in GDP would result in double counting, leading to an overstatement of the GDP.

If All the Final Goods and Intermediate Goods and Services