Intermediate goods and services are ________ production and ________ counted in GDP.
A) the end product of;are
B) the end product of;are not
C) used up in the process of;are
D) used up in the process of;are not
E) the ultimate purpose of;are

Question

Quizplus · Accepted Answer

Intermediate goods and services are used up in the process of production and are not directly counted in GDP. Only final goods and services, which are sold to end consumers, are included in GDP.

Intermediate Goods and Services Are ________ Production and ________ Counted

Intermediate Goods and Services Are Production and Counted