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Question
Assertion (A): Intermediate goods are not counted in calculating the GDP.
Reason (R): Their value is already included in the final goods.
Options
A is correct and R is the relevant explanation to A.
A is correct and R is not the relevant explanation to A
A is wrong, R is correct
A and R is wrong.
MCQ
Solution
A is correct and R is the relevant explanation to A.
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Gross Domestic Product and Its Growth: an Introduction
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