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9 Aug 2019

Explain why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly?

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Keith LeannonLv2

12 Aug 2019

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Related textbook solutions

Principles of Economics

2nd Edition, 2017

ISBN: 9781947172364

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ISBN: 9781947172388

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Related questions

Explain why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly?4

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Intermediate goods are excluded from GDP because:

A. their inclusion would involve double counting

B. they represent goods that have never been purchased so they cannot be counted

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Why are intermediate goods not included in GDP?

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