1. Explain why it is the case that the value of intermediate goods produced and sold during...

Question:

1. Explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of GDP, but the value of intermediate goods produced and not sold is included directly as part of GDP
2. Consumption expenditure has always been and continues to be the largest expenditure of GDP. If true explain. If false, explain.