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Only final goods and services are counted in GDP, which avoids counting the same output:
AMore than once
BAt the wrong price
CIn the wrong year
DIn the wrong country
Answer & Solution
Correct answer: A. More than once
1. The word final in the GDP definition does real work.
2. GDP is the value of all final goods and services produced within a country in a given year.
3. Intermediate goods are used up in making those final goods.
4. Counting both would count the same output more than once.
_Source: OpenStax Principles of Macroeconomics for AP Courses 2e (CC BY 4.0), Ch 5 'The Macroeconomic Perspective'_
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