The value of which of the following is entered into the computation of GDP?
The value of final products enters GDP, which measures current domestic production. Counting intermediate products separately would duplicate value already included in final…
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The value of which of the following is entered into the computation of GDP?
Answer and explanation
Correct answer C
The value of final products enters GDP, which measures current domestic production. Counting intermediate products separately would duplicate value already included in final output; sales of second-hand products do not represent new production.
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Gujarat SET (GSET)