Why should Georgia GDP not add every sale at each peanut-processing stage? » HSC U.S. Economy MCQ » MCQ Academy

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Why should Georgia GDP not add every sale at each peanut-processing stage?

It would measure only household wages
It would exclude all agricultural work
It would count intermediate products more than once
It would remove every processing margin

It would measure only household wages
It would exclude all agricultural work
It would count intermediate products more than once
It would remove every processing margin

Note

Summing every sale at each peanut-processing stage would double-count intermediate products when measuring GDP.

The value of an intermediate product is embedded in the next stage's output. Measuring each stage's added value avoids counting the same underlying crop value repeatedly while still recognizing the contribution of processing and distribution.

Tags: Georgia Facts, Value Added and Production

Note

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