To avoid counting the same output more than once the calculation of GDP includes:
A. Intermediate goods plus final goods.
B. Only the value of final goods.
C. The value added at each stage of production plus intermediate goods.
D. Only the output produced by U.S. factors of production.
Answer:B
To avoid counting the same output more than once the calculation of GDP includes:
A. Intermediate goods plus final goods. B. Only the value of final goods. C. The value added at each stage of production plus intermediate goods. D. Only the output produced by U.S. factors of production.