To avoid double counting in the calculation of GDP,

Name: To avoid double counting in the calculation of GDP,
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Intermediate goods and services should be excluded from the calculation of GDP to avoid double counting. This is because the value of intermediate goods and services is already included in the final price of the finished goods and services. Excluding intermediate goods and services ensures that only the value added at each stage of production is counted in the calculation of GDP.

To Avoid Double Counting in the Calculation of GDP