ls the value of produced during the year included in Gross D

ls the value of produced during the year included in Gross Damestis Produt (GDP)1? For example, is a computer chip used to produce a new PC included in GDP? Note that his question des rotk whe her .corpuler he is deny counted in GOP but neer-hoterte proacto\'nd dedncoe A. No There is no vaue added nthopeduction of acomputer chip Therefore, production OB, Yes. The value of the compuer chip is not O C. No. if we include intermedate is not indluded in the value-added method of measuring GDP deecty ourted in GOP but te proteton of a comple, chsp s routed r, he vau·added metod of meaning goods in GOP, wo would be contingthe value ofthn good Proe tirnes once when the oompt\" dsp produced, once when is sold to the marudachrerard again when nePCissold tone O D. Yes The value of both final goods and intermediate goods is included in the calculation of GOP

Solution

It has to be noted that the value of intermediate goods and services aren\'t added to the GDP and only the final product will be added to calculate the real value else there wuld be double counting.

Therefore option (A) No, There is no value added in the production of a computer chip. Therefore, production is not included in the value added method of GDP is the answer.