All of the following are ways to calculate GDP except O A O

All of the following are ways to calculate GDP except O A. O B. O C. adding up the value added at each stage of production for newly produced goods and services in the economy. adding up the value of total sales of newly produced goods and services in an economy. adding up the value of final sales of newly produced goods and services in the economy. D. All of the above are ways to calculate GDP The value of intermediate goods is directly counted in GDF O A. True 0 B. False

Solution

Ans is B

In calculating GDP, the value of total sales of newly produced goods cannot ne added because the sale of intermefiate good cannot ne included in GDP to avoid double counting.

False because value of only goods is directly counted but not intermediate good.