Ask Question
27 December, 06:56

The dollar value of final goods and services only is counted in gdp because:

+5
Answers (1)
  1. 27 December, 08:39
    0
    When calculating the GDP, Gross Domestic Product, only the dollar value of the final good or service is counted. This is because the dollar value already covers the cost of production and other intermediate items that were used to make the final product. By doing this, they ensure that the costs are only calculated once.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The dollar value of final goods and services only is counted in gdp because: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers