What do you understand by the problem of double counting? Explain the need for avoiding double counting in the estimation of national income.

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Latest Answer: 2 days ago
In: Commerce

What do you understand by the problem of double counting? Explain the need for avoiding double counting in the estimation of national income.

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1 Answers

Answered By Nikita Chetry
Answer: 2 days ago

Double counting in national income occurs when the value of intermediate goods is counted multiple times, inflating the total production value. For example, adding the sales of wheat, flour, bread, an... Read More

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