Question : Which of the following is included in the gross domestic product (GDP) calculation?
Option 1: The value of intermediate goods
Option 2: The value of final goods and services
Option 3: The value of second-hand goods
Option 4: The value of capital gains
Answer (1)
15th Jan, 2024
Correct Answer: The value of final goods and services
Solution : The correct answers are b) The value of final goods and services.
Gross Domestic Product (GDP) is a measure of the total value of goods and services produced within a country's borders during a specific time period. In the calculation of GDP.
The value of final goods and services is included in GDP. Final goods and services are the end products that are sold to the final users or consumers.
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