Question

5. Which value is included while calculating National Income?​

Answer 1

Explanation:

Only the value of final goods and services are included in the estimation of national income and the value of intermediate goods is not included in the national income. This is because the value of intermediate goods is already reflected in the value of the final goods..

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Answer 2

Answer:

PCI / GDP

Explanation:

In measuring the National Income, the value of only final goods and services is to be included. However, the problem of double counting arises when value of intermediate goods is also included along with value of final goods.