WBCS.LIVE practice question

While estimating Gross Domestic Product, the monetary value of only final goods are considered because: I. its immobility, the active economic flow is ended. II. of the issues of double counting. III. the value added at each stage of the production process is included.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Only II
  2. Only I
  3. All I, II and III
  4. Only II and III

Correct answer and explanation

Correct answer: Only II and III