Question

as a result of double counting national income is
1 over estimated
2 under estimated
3 correctly estimated
4 not estimated for the entire year
5 other???
plzz be quick
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Answer 1

Answer:(a) Meaning:

Double counting means counting of the value of the same product (or expenditure) more than once. How?

According to output method (an alternative method to value added method) of calculating national income, value of only final goods and services produced by all the production units of a country during a year should be counted. In other words, value of intermediate goods which enter into final goods (e.g., paper used in printing of books, raw cotton used in garments, wheat used in making bread, etc.) should not be taken into account.

Explanation:

Answer 2

Answer:

o a result of double counting, national income is

Explanation:

over estimate