To avoid double accounting,the value of:
A) final goods only are included in GDP.
B) intermediate goods only are included in GDP.
C) both final good and intermediate goods are included in GDP.
D) neither final goods nor intermediate goods are included in GDP.

Question

Quizplus · Accepted Answer

Including intermediate goods in GDP would mean counting the same value multiple times as those intermediate goods would already be included in the final goods that they are a part of. To avoid double counting, GDP only includes the final goods or services produced. Therefore, option A is the correct choice.

To Avoid Double Accounting,the Value Of