Answer to Question #137602 in Economics for Tiny

Question

Why are intermediate goods not included in GDP?

Answer 1

GDP - Gross Domestic Product - one of the main macroeconomic indicators that characterizes the level of economic development of the state in absolute terms. The value of the indicator is determined by the market (selling) value of all final goods and services produced and used domestically. In this case, only the final (directly intended for consumption) products and services are taken into account, and nationality, citizenship, etc. people who made this product are ignored.