Intermediate goods are NOT included in Gross Domestic Product (GDP) calculations because
A) they are used in the production of final goods and would then be counted twice.
B) they are produced overseas.
C) they are made from foreign raw materials.
D) they have very low value added.

Question

Quizplus · Accepted Answer

Intermediate goods are not included in GDP calculations because they are already included in the value of the final goods and including them would result in double-counting.

Intermediate Goods Are NOT Included in Gross Domestic Product (GDP)