The Steel produced by the Steel Industry is an important part of Eight Core Industries. Naturally Steel production also constitutes a major share in Aaccounting our GDP. But, my doubt is whether the steel produced by the Steel industry be accounted for calculating GDP. How can it be a Final Good. Isn't Steel produced by the Industry an Intermediate Good?
Please help me clarify this. Not sure if I have gone wrong somewhere in understanding concept.
Why I asked ia because in Macroeconomics text, output of steel industry is taken as an example of final product, at page 10.