Why are only final goods and services counted in total production?
AIntermediate goods are banned
BIntermediate goods are useless
CTheir value is already counted
DFinal goods always cost less
Answer & Solution
Correct answer: C. Their value is already counted
The final good's value already includes its intermediate inputs, so counting them again would count the same thing many times.
Keep practising Economic Development & Banking
Browse all Economic Development & Banking questions for CBSE Class 10, or explore more Social Science topics.
Related questions
What must every e-commerce entity display under the 2019 Act?Which authority was set up under the Consumer Protection Act, 2019?What is a mediator in consumer disputes?Which is a weakness of the consumer redressal process in India?Why is evidence hard to gather in many small purchases?Roughly how many consumer groups exist in India, per NCERT?Which of these goods must be certified before sale in India?For which product is certification mandatory for producers?