Economics · Economics
What does 'double counting' refer to in economics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Including the value of intermediate goods in national income calculation.✓
- 2Counting the same transaction twice.
- 3Counting both nominal and real values.
- 4Counting imports and exports separately.
Correct answer
Including the value of intermediate goods in national income calculation.
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