A weakness of the measurement of GDP is that it includes the value of intermediate goods, therefore some double counting occurs.

Name: A weakness of the measurement of GDP is that it includes the value of intermediate goods, therefore some double counting occurs.
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Question

Quizplus · Accepted Answer

GDP measures the market value of all final goods and services produced within a country in a given period, avoiding double counting by excluding intermediate goods.

A Weakness of the Measurement of GDP Is That It