Question

Under the Final Goods (Final Product) Approach, which value is counted?

Options

• The value of all goods at every stage without adjustment

• Only the value of intermediate goods

• Only Gross Value Added minus depreciation

• Only the value of final goods and services produced in the economy

Answer 1

The Final Goods (Final Product) Approach counts only final goods and services produced in the economy. It does not add the value of intermediate goods separately.