Including intermediate goods in the GDP calculation is:
A)the value-added method.
B)double counting.
C)deflating the value of GDP.
D)the expenditure method of GDP calculation.

Name: Including intermediate goods in the GDP calculation is: A)the value-added method. B)double counting. C)deflating the value of GDP. D)the expenditure method of GDP calculation.
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Question

Quizplus · Accepted Answer

Including intermediate goods in GDP calculation leads to double counting because their value is already included in the final goods.

Including Intermediate Goods in the GDP Calculation Is