Economics · National Income Accounting
What is meant by the term 'Double Counting' in national income accounting?
- 1Counting both manufactured goods and services separately
- 2Calculating national income using two different methods simultaneously
- 3Counting the values of two completely different commodities together✓
- 4Counting the value of a commodity twice or more at different stages of production
Correct answer
Counting the values of two completely different commodities together
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