Correct the following statement and give reason:“Intermediate goods

1.	Correct the following statement and give reason:“Intermediate goods are included in the estimation of NationalIncome.”
Answer» Answer: The value of the final GOODS and SERVICES are included in the estimation of the NATIONAL Income as the final goods ALREADY INCLUDE the value of the intermediate goods.

Correct the following statement and give reason:“Intermediate goods are included in the estimation of NationalIncome.”

Answer»

Answer:

The value of the final GOODS and SERVICES are included in the estimation of the NATIONAL Income as the final goods ALREADY INCLUDE the value of the intermediate goods.

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Correct the following statement and give reason:“Intermediate goods are included in the estimation of NationalIncome.”

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