Assertion the value of final goods already include the value of all in...
Explanation:
The value of final goods already includes the value of all intermediate goods that are used in making the final goods. This means that the final goods are a reflection of the value of all the goods used in the production process. The value of intermediate goods is not included separately because it is already accounted for in the value of final goods.
Net Production of the Sector:
The value of final goods and services produced in each sector during a particular year provides the net production of the sector. This is because the value of final goods represents the total output of the sector after accounting for all the intermediate goods used in the production process.
Example:
For example, consider the production of a car. The value of the final car includes all the intermediate goods used in the production process, such as steel, rubber, and electronics. This means that the value of the steel, rubber, and electronics is already accounted for in the value of the final car.
If we look at the value of the final car, we can determine the net production of the automotive sector. The value of the final car includes the value of all the intermediate goods used in the production process. Therefore, the value of the final car provides a measure of the net production of the automotive sector.
Conclusion:
In conclusion, the value of final goods already includes the value of all intermediate goods that are used in making the final goods. The value of final goods and services produced in each sector during a particular year provides the net production of the sector. This means that the final goods are a reflection of the value of all the goods used in the production process.
Assertion the value of final goods already include the value of all in...
Both assertion and reason are true and reason is the correct explqination of A
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