GDP measures the final value of goods and services produced to avoid the problem of:
A) disintermediation.
B) double counting.
C) production by foreign citizens working in the United States.
D) undervaluing the output.

Question

Quizplus · Accepted Answer

GDP measures the final value of goods and services produced to avoid the problem of double counting, which occurs when intermediate goods or inputs used in the production of final goods are counted multiple times.

GDP Measures the Final Value of Goods and Services Produced