Double counting occurs when the value of intermediate goods is included along with the value of final goods in the calculation of national income. This inflates the total value.
Due to the problem of double counting, National Income
Asked in Sr. Teacher Gr II (Sanskrit Edu.) Exam 2018 1 2018 · Sr. Teacher Gr II (Sanskrit Edu.) Exam 2018 2 2018 · Topic: National Income & Gross Domestic Product (Methods of National Income Estimation: Income, Expenditure, and Production/Value Added Methods)
More Economic Development questions
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