When calculating the GDP, only the newly produced goods and services are considered as final goods. asked Jul 4, 2016 in Economics by Selena. (The reason some final goods and services are not included in the GDP is they only include items that are newly produce and are not used up in production.For example, in real estate only new constructions are included reason been the old units were already calculated in the previous year GDP) A final good is a product that the final consumer uses or consumes. A) sold to ultimate or final purchasers. Similarly, the postal services sold to business houses are intermediate goods and those to households are final goods. Durable goods are those goods that have a higher lifespan than non-durable goods. why some final goods and services are not included. B) used in the production of other goods and services. Intermediate goods have derived demand, as the demand for these goods depends on the demand for final goods. D) used in the production of other goods and services. ANSWER. Intermediate goods act as material input for the production of final goods. Final goods are those goods which are directly consumed and not used in further production process. As against, final goods have direct demand because these goods are produced with the aim of satisfying the wants and needs of the consumers. the alternative combinations of final goods and services that could be produced in a given time period with all available resources and technology depreciation the consumption of capital in the production process; wearing out of plant and equipment principles-of-economics We also call this person the ultimate consumer.. We can use the term ‘consumer goods‘ with … The good (product) does not require any additional processing. C) double-counted in the calculation of GDP. D) sold to ultimate or final purchasers. "Final goods and services" are those that are. Value of money for all final goods and services is produced in an economy during a year. Final Goods and Calculation of GDP. GDP excludes intermediate goods and services, which are used up in the production of other goods in the same period they themselves were produced. 6) “Final goods and services” are those that are A) produced outside the United States. Gross domestic product (GDP), total market value of the goods and services produced by a country’s economy during a specified period of time.It includes all final goods and services—that is, those that are produced by the economic agents located in that country regardless of their ownership and that are not resold in any form. It is done to avoid the repeated counting of goods that are used previously. Final goods and services are those purchases made by the ultimate consumers (i.e., not intended for resale or consumed in a subsequent production process). For example, cars, equipment, and more. B) produced outside the United States. Thus the services of government enterprises and of non-profit institutions should be classified as intermediate or final goods according to … Final goods and services are included in GDP because they are only going to be sold once. C) double counted in the calculation of GDP. A company makes a final good for the direct use of the final consumer. The correct answer is choice D) sold to ultimate or final … The final consumer is the person or entity that consumes or uses a product or service. In our economy product approach benefits various sectors like forestry, agriculture, mining etc to estimate gross and net value. (2) Final Goods and Services: Two Caveats 1 Capital goods are used to produce other goods and are treated as final goods because they are not completely used up in the same period that they are produced.