If we used the value of the sales of intermediate goods, by how much would GDP be overstated by? 600 350 250 None of the above QUESTION 7 Use the table below to answer the following question:: Participants Cost of materials Value of Sales Value Added Miner 0 50 50 Smelter 50 100 50 Manufacturer 100 200 100 Vendor 200 250 50 Total 350 600 250 If we incorrectly counted intermediate goods, how much would GDP decrease by if the Miner and Smelter merged? HINT: Assume in both cases that you are using the incorrect "summing intermediate goods" approach. 50 100 250 O None of the above