Economics (M.Phil./Ph.D.) 2019 Panjab University Entrance Exam With Answers

Practice Mode:
50.

Intermediate goods are not included to calculate the final output because:

A: They do not have value
B: Their value is included in final goods so they are not added to avoid the problem of double counting
C: They have unknown value
D: None of the above

The answer is: B

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