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Per NCERT, in calculating GDP, why are only FINAL goods counted — and not intermediate goods?
AIntermediate goods don't matter
BTo make calculation easier
CTo avoid double-counting — the value of intermediate goods is already included in the value of the final goods
DFinal goods are more expensive
Answer & Solution
Correct answer: C. To avoid double-counting — the value of intermediate goods is already included in the value of the final goods
Per NCERT §How do we count, only final goods avoid double-counting (wheat → flour → biscuits — count only biscuits).
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