The best reason economists take only final goods and services into account when calculating GDP is that
A) this is the way things have always been done,but there is no particular reason why.
B) they want to avoid the problem of final counting.
C) they want to avoid the problem of double counting.
D) this is the only way it can be done.

Question

Quizplus · Accepted Answer

Including intermediate goods in GDP would result in double counting because they are already included in the price of the final goods. Therefore, to avoid overestimating the value of production, only final goods and services are considered in GDP calculations.

The Best Reason Economists Take Only Final Goods and Services