Re: jnu 2011

Posted by Ankur on May 15, 2012; 7:25pm
URL: http://discussion-forum.276.s1.nabble.com/jnu-2011-tp7556974p7560542.html

 Intermediate goods and services, which are used in the production of final goods and services, are not included in the expenditure approach to GDP because expenditures on intermediate goods and services are included in the market value of expenditures made on final goods and services. Including expenditures on both intermediate and final goods and services would lead to double counting and an exaggeration of the true market value of GDP.(http://www.cliffsnotes.com/study_guide/GDP.topicArticleId-9789,articleId-9733.html)