Intermediate Goods Are Not Included in GDP Because

question 43

Multiple Choice

Intermediate goods are not included in GDP because:

• A) certain goods that are used in the production of a final good would be counted twice.
• B) the value of goods bought by producers to make something else would be counted twice.
• C) the value of goods used by firms to make the goods they sell is included in the firm's product; accounting for the value twice would overestimate GDP.
• D) All of these statements are true